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Coronavirus and the public sector

The coronavirus (COVID-19) is driving major changes in the public sector and dramatically affecting public finances. Find out more about what is happening and how it may affect you.

ICAEW insights

Plastic is the future for cash – one way or another

21-09-2020

22 September: Physical cash use is declining fast, leaving the fixed cost base for processing cash transactions at risk of stranding. As cards and digital forms of payment become more prevalent, what will happen to those who still need access to cash?

Pandemic costs add up to a very big number

18-09-2020

21 September: The National Audit Office COVID-19 cost tracker provides critically important data about the current £210bn cost of the pandemic but disappoints in the way it presents this financial information.

A look at the EU’s autumn in-tray

04-09-2020

7 September 2020: With autumn in the air, ICAEW Head of European Affairs Susanna Di Feliciantonio takes a closer look at some of the key items on the EU’s agenda for the rest of the year.

Global GDP bounces back but long-term threats remain

02-09-2020

3 September 2020: Worldwide economic activity will see a strong rebound in the latter part of 2020, but according to leading economists this masks underlying issues for the long-term recovery, with global trade particularly in the spotlight.

Measuring and accounting for risk in a post COVID-19 world

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01-09-2020

Accountants have a vital role to play in representing risks on balance sheet to investors, writes Will Oulton, Global Head Responsible Investment, at First State Investments.

Solving the UK’s productivity puzzle

27-08-2020

28 August: Since 2009, the UK has struggled with a slowdown in the progress of productivity. ICAEW Insights examines the causes of this ‘productivity puzzle’ and looks at how the government could tackle this in its COVID-19 rebuilding programme.

ICAEW responds to July 2020 public finance figures

27-08-2020

Friday 21 August 2020: Commenting on the latest public sector finances for July 2020, published today by the Office for National Statistics (ONS), Alison Ring, ICAEW Public Sector Director, said:

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External resources

Information hubs

Government Response – Global landscape

Government Stimulus tracker created by KPMG providing an overview of government measures and economic aid packages around the world in response to COVID-19. Summaries are given for each country or jurisdiction with general information, tax measures, economic stimulus measures, employment-related measures, customs measures, and other aid.

Guidance and commentary

What impact has Covid-19 had on public procurement?

Tussell 03-04-2020

Coronavirus sparks record drop in public sector procurement deals. According to a report by Tussell 1,832 new invitations to tender were published – a decrease of 30% on February and a 20% drop on the same period in 2019.

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