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Economic data on coronavirus

The spread of COVID-19 has already disrupted the economy in China and beyond. This page collects together ICAEW insights and externally-produced resources giving economic indicators and analysis on the financial impact of the coronavirus.

ICAEW insights

Chart of the week: The debt of G7 nations


This week’s chart looks at how the pandemic has driven government debt levels higher, a topic that will be on the agenda at the G7 summit in Cornwall in six weeks’ time.

HMRC review reveals digital plan for the future of tax


The government’s fundamental review of the processes that underpin the UK’s tax system, makes it clear that to be fit for the future the system has to embrace and embed digital technologies at its very heart. Anita Monteith explains that change is coming.

Mitigating against exclusion as digitalisation transforms tax


COVID-19 is likely to further spur the global trend towards tax digitalisation. David Lyford-Smith from ICAEW’s Tech Faculty considers changes that will help automate processes to make them more efficient and points to ongoing challenges, such as digital exclusion.

Fintech revolution: who stands to benefit?


ICAEW has cautiously welcomed the government’s support for the UK’s burgeoning fintech sector as a driver of post-pandemic economic recovery but warned that developing the sector without addressing social and financial inclusion issues would be a missed opportunity.

Is it one step back, two steps forward for corporation tax?


Newcastle University’s Tracey Wilson, who specialises in tax and financial reporting, reflects on the reintroduction of a tiered system of corporation tax, its complexities and effectiveness and alternative models of taxing business.

Chart of the week: Canada Budget 2021


This week’s chart explores Canada’s newly minted Budget 2021, which saw its federal government lay out “a recovery plan for jobs, growth and resilience”.

Boosting productivity when working from home


Working from home was forced on many businesses during lockdown and for some, it may be here to stay. How can we make the most of this and boost business productivity?

Chart of the week: personal tax bands


This week’s chart examines the complexity in the tax system and potential options for reform by looking at the number of tax bands for salaried employees across the UK.

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External resources

Information hubs

COVID-19 UK Economic Update

Weekly briefing from PwC presenting key economic data plus illustrative scenarios and analysis of the impact on industry sectors.

Coronavirus Business Impact Tracker

Weekly survey conducted by the British Chambers of Commerce tracking business response to the government's measures and changes to business's working practices. It gives figures on levels of staff furloughing, cash reserves, take up of the Bounce Back Loan Scheme, reaction to government guidance, and ability to implement guidance.

Coronavirus and the economic impacts on the UK

Fortnightly statistical bulletin from the ONS showing how businesses in the UK have been affected by Coronavirus in terms of turnover, workforce, prices, trade and business resilience. Indicators are based on responses from the ONS voluntary business survey into the impact of Coronavirus.

Deloitte COVID-19 webinars: Updates and practical steps

A series of weekly webinars hosted by Deloitte's Chief Economist discussing the impacts of COVID-19 on the UK and global economy, challenges faced by organisations, how businesses are responding and government initiatives.

Eurostat COVID-19: Economy

Hub produced by Eurostat collecting together statistics on the economic impact of the coronavirus pandemic across Europe. It includes the latest releases, analysis, data visualisations and data sets tracking key indicators.

Commentary and analysis

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