The latest data shows a very sharp rise in Universal Credit claims of nearly a million in the last two weeks of March, suggesting a marked rise in unemployment in the short term. An ONS survey suggested business activity was already below normal in around half of UK companies by mid-March, even before a comprehensive lockdown.
As well as serious implications for people’s health and the NHS, coronavirus (COVID-19) is having a significant impact on businesses and the economy. With such a fast-moving situation, we will be updating our analysis of the UK economic impact regularly to help you with your response and planning.
Visit the PwC website for the most up-to-date information