In addition to its impact on public health and families’ wellbeing, the spread of the coronavirus and the public health restrictions put in place to limit it will raise the budget deficit and public debt significantly, reflecting both the associated economic disruption and the Government’s economic policy response designed to support incomes and minimise business failures to prevent greater economic damage. To that end, we produced a coronavirus reference scenario to assess the potential impact of the coronavirus on the economy and public finances on 14 April.
During this unusual period, we will endeavour to monitor the economic and fiscal impact of coronavirus and the economic, market and policy developments that will feed through to the official measures of the public finances. We will aim to bring together this latest information and will periodically add material to this page (see Coronavirus reference scenario introduction for more detail on our intended outputs). We will tweet from @obr_uk when we are going to do so.
We would be pleased to receive comments and questions to email@example.com.