Page content
The fiscal costs of lockdown: three scenarios for the UK
With experts warning that social distancing measures could remain in place for much of this year in the UK, the fiscal pressures faced by the government could well be much more severe than recent official forecasts suggest. Drawing on three scenarios for the economic impact of social distancing lasting for 3, 6 or 12 months, this column looks at the impact on the UK public finances. It suggests that borrowing will rise to historic highs in all three scenarios. […]