The Government’s economic policy response to the coronavirus crisis provides support for individuals and businesses through grants, loans and guarantees, as well as significant increases in public services spending. This will have substantial direct budgetary costs. But the measures are designed specifically to support the economy through this temporary shock and so they should help prevent greater economic and fiscal damage in the long term.

The database below provides our latest estimates of the costs of various policy interventions, including those incorporated in our 2020 Fiscal sustainability report plus initial estimates of the measures announced in the Chancellor’s Summer Economic Update on 8 July. Some estimates could be revised materially as further information on the design of particular interventions and the use of different schemes becomes available. But on this provisional basis, we estimate that direct impact of new policy measures on the budget deficit in 2020-21 to be £192.3 billion.

Updated 14 July £ billion, 2020-21 Direct effect of Government decisions, of which: 192.3 Spending 178.2 Tax reductions 14.2 /* Here you can add custom CSS for the current table */ /* Lean more about CSS: https://en.wikipedia.org/wiki/Cascading_Style_Sheets */ /* To prevent the use of styles to other tables use "#supsystic-table-34" as a base selector for example: #supsystic-table-34 { ... } #supsystic-table-34 tbody { ... } #supsystic-table-34 tbody tr { ... } */

Previous editions of the policy monitoring database are also available below. These illustrate the potential for revision to some estimates as more information becomes available.

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