Supporting fiscal policy decisions in the COVID-19 crisis

Showing 1 - 12 of 15 results

The effect of the pandemic on retirement expectations


In new research published today, data from the English Longitudinal Study of Ageing COVID-19 Substudy were used to examine the perceptions of people in their late 50s and over, in terms of the effect of the crisis on both their current income and wealth, and on their future retirement incomes.

9 June 2021

Online shopping

Spending and saving during the COVID-19 crisis: evidence from bank account data


The measures taken to help reduce the spread of COVID-19, resulting from both policy and consumers’ changes in behaviour, have had major impacts on consumer spending patterns. In this briefing note, we explore how consumer spending has evolved, both during lockdown and in the recovery phase since.

29 October 2020

COVID-19 will bring forward the date when the pensions triple lock is unpicked


Figures out today from the ONS show that headline inflation over the year to September was just 0.5%. With earlier figures showing a fall in earnings of 1% this means that under the “triple lock” next April would see the basic state pension and new state pension both increase by 2½%. This would bring the increase in the basic state pension over the last eleven years up to 41%, compared to 25% if it had been indexed in line with inflation or by 22% if it had been indexed in line with earnings.

21 October 2020

The temporary benefit increases beyond 2020-21

Book Chapter
The COVID-19 crisis has led to a profound shock to the labour market, one consequence of which is a rising number of claimants of means-tested benefits and higher entitlements among existing claimants.

9 October 2020

A temporary VAT cut could help stimulate the economy, but only if timed correctly


Reports indicate the government is considering a temporary cut in VAT to stimulate consumer demand, possibly targeted at sectors such as tourism and restaurants. Overall the case for a temporary VAT cut now is mixed. It could provide an important fillip to consumer demand if implemented under the right conditions. Its expiration must be carefully timed so as not to choke off a nascent recovery.

26 June 2020