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Covid-19 and Brexit: Real-time updates on business performance in the United Kingdom

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  • Josh De Lyon
  • Swati Dhingra

Abstract

Nearly four months have passed since the UK went into lockdown to restrict the spread of Covid-19. The health effects have been severe, and an inevitable consequence of the lockdown was a huge 20 per cent decline in GDP in April - the worst recession in more than three centuries. Government spending on economic policies has also been unprecedentedly large, with £193 billion of additional spending committed. Alongside dealing with the largest economic downturn in recent history, the UK is also negotiating its exit from the European Union - its largest trading partner. It has turned down an extension to the transition period and will leave the EU at the end of 2020. Brexit will have a profound impact on the UK economy.

Suggested Citation

  • Josh De Lyon & Swati Dhingra, 2020. "Covid-19 and Brexit: Real-time updates on business performance in the United Kingdom," CEP Covid-19 Analyses cepcovid-19-006, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcvd:cepcovid-19-006
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    File URL: https://cep.lse.ac.uk/pubs/download/cepcovid-19-006.pdf
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    References listed on IDEAS

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    Cited by:

    1. Capucine Riom & Anna Valero, 2020. "The business response to Covid-19: the CEP-CBI survey on technology adoption," CEP Covid-19 Analyses cepcovid-19-009, Centre for Economic Performance, LSE.

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    Keywords

    Brexit; economic downturn; business performance; CBI; UK; Covid-19;
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