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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

Technical news in brief February 2021

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ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics. Please note Only Audit and Assurance Faculty members and Faculties Online subscribers have access to these technical updates.

Fraud and COVID-19 support

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Government support schemes related to COVID-19, including the Coronavirus Job Retention Scheme (CJRS), the Self-Employment Income Support Scheme (SEISS) and the Bounce Back Loan Scheme (BBLS) will contribute to heightened fraud risks in many entities. Auditors assessing and responding to these risks will find ICAEW guidance helpful.

Restoring trust in local authorities


Local authorities need to invest in effective communications to retain the trust and confidence of the public – or face the consequences.

Business grants for business growth and recovery

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In this article Rachel Eade MBE shares with us her thoughts of how to access business grants as a way to rejuvenate and grow business post-Covid lockdown periods. Rachel is passionate about UK manufacturing and supporting companies grow and develop. She has over 20 years’ experience specialising in transport industries and their supply chains.

Chart of the week: UK monthly GDP


This week’s chart takes a look at the rebound in UK gross domestic product in March 2021, despite the country remaining in lockdown.

COVID-19 and the future of tax


How will the Exchequer cover the costs of the economic support and stimulus packages caused by the pandemic? A reduction in defence spend, changes to business rates, corporation, capital gains and inheritance taxes; a wealth tax?

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.

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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

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