Economic impact of coronavirus: gaps in support and economic analysis Contents

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Contents

Summary

Introduction

1 The economic context

GDP as a measure of the impact of the coronavirus: international comparisons

Forecasts of future impact on the economy

2 Gaps in support

Extension of schemes

Newly self-employed and 2019–20 tax returns

Support for limited company directors

The ‘50 per cent test’ and freelancers

Self-employed who earn more than the £50,000 threshold

Alternative grant schemes

Lost opportunities

Overall conclusion on gaps in support

3 Economic analysis

Government analysis of economic impacts of social restrictions

Treasury transparency

Cost-benefit analysis and epi-macro modelling

The missing counterfactual

Impact of vaccine roll-out

Joint working

Treasury’s capacity for modelling

Conclusions and recommendations

Formal minutes

Witnesses

Published written evidence

List of Reports from the Committee during the current Parliament