Bundle: Covid-19 and the economy

Covid-19 and the economy

Covid-19 coverage in the UK media seems to have shifted from health to the economy – though they are clearly closely linked. This bundle brings together our most recent content on the economy and employment. The pandemic presents central and local government with profound economic and social challenges: how deep with the recession be and will it bounce back quickly; what are the implications for future employment; what is the role of local government in reinvigorating local economies? And will we return to the same economic system or will there be a reform?

Our new briefing on the role of universities in the recovery highlights the complexities of predicting what the ‘new normal’ will look like and what the major challenges will be, but it underlines the importance of local authorities working in partnership with critical institutions such as universities to reinvigorate local economies.

The briefing ‘Covid-19 recession: back to the future’ looks back at the last recession and what lessons we can learn from the response of local authorities to it. Even though the context is different, the sector, as before, needs to tune into what bespoke work is needed within our local areas to mitigate the impacts of Covid-19, to support communities and to set local economies up for future growth and prosperity.

Several briefings and blogs analyse the effect of the lockdown on employment – if economic growth does return relatively quickly, in employment terms the effect of the crisis will be felt for much longer. The impact on younger people is very likely to be severe.

A briefing from Australia rethinks the role of local municipal authorities in local economic development. John Daly, an economist with the three Regional Assemblies in Ireland, writes on the profound impact of Covid-19 on Ireland’s economy, pointing to data from a new report that looks at Ireland’s economic exposure and resilience at the local, regional and national level. And a blog from Davin Minton, Director of the Irish Northern & Western Regional Authority sets out a roadmap for transforming Ireland’s Northern & Western regions. Insights into the issues affecting people in Scotland brings together research from organisations such as Citizen’s Advice Scotland into the effects of Covid-19.

The economic impacts of Covid-19

Covid-19: Regional economic analysis in Ireland

John Daly, an economist with the 3 Regional Assemblies in Ireland, writes on the profound impact of Covid-19 on Ireland’s economy, pointing to data from a new report that looks at Ireland’s economic exposure and resilience at the local, regional and national level. Read this briefing.

ONS place-based statistics and intelligence – including Covid-19 reporting

What is ONS’s approach to Covid-19 data? Local authorities should ensure their intelligence capabilities are fit for evidence-informed decision-making and impending post-Covid-19 strategic recovery planning. Read this briefing.

Swift Read: Covid-19 – insights into the issues affecting people living in Scotland

Citizens Advice Scotland (CAS) and similar organisations have been researching the lasting impacts of the Covid-19 pandemic. This Swift Read outlines how individual households will deal with the long-term welfare, health, employment and other issues created and magnified by Covid-19. Read it here.

Employment

Youth employment after Covid-19

The Covid-19 pandemic is expected to impact on the workforce hard. Evidence from previous economic crises indicates that young people are likely to be affected more than most groups in the workforce. This briefing looks at what has happened in previous recessions and what can be done now. Read this briefing.

Covid-19 has the potential to scar employment prospects for years to come

The immediate impact of the Covid-19 pandemic on employment has been large and it has been rapid. LGIU Associate Mark Upton looks at the potential impact on people and places. Read this blog.

Covid-19: Employment and the labour market

This briefing surveys the immediate impact of the Covid-19 crisis on employment and looks ahead at the different scenarios facing the UK labour market. Read this briefing.

Approaches to recovery

Will universities assist or distract from strategic recovery planning?

How will the local roles and impacts of universities change post-Covid-19? And what are the implications for local authorities and local leadership teams? Read this briefing.

The Covid-19 recession: back to the future?

In this briefing, we look at how lessons learnt following the previous recession can help local and national government manage the economic and social recovery from Covid-19. Read this briefing.

Local governments and a ‘three-lens’ approach to economic recovery

In this piece, Dr Marcus Spiller from SGS Economics & Planning in Australia looks conceptually at local economies and rethinks the role of local municipal authorities in local economic development – advocating that local councils adopt a ‘three-lens’ approach. Read this briefing.

Wider considerations

Brexit negotiations: outlook for the EU-UK future relationship

As the post-Brexit negotiations on the EU-UK future relationship reach an important phase we assess here the EU-UK future relationship negotiations. They do not appear to be going well. Read this briefing.

Basic Income: A policy whose time has come? A response to the pandemic

Basic income has been the subject of much debate and enthusiasm but surprisingly little action so far, in the UK and around the world. In this briefing, Cleo Goodman, Co-Founder of Basic Income Conversation, asks whether the pandemic is the right time to consider it. Read this briefing.

Cities with a future?

Davin Minton, Director of NWRA, sets out a roadmap for transforming Ireland’s Northern & Western regions. Read this blog.