This paper will describe the tax policy changes in the 2009 Budget, highlighting the motivation (perceived or stated), the context, and perceived effect for each change. It will also comment, where appropriate, on the stimulus effect of the change. In reviewing the table a general observation...

We nowcast the economic effects of the Covid-19 pandemic and related lock-down measures in the UK and then analyse the distributional and budgetary effects of the estimated individual income shocks, distinguishing between the effects of automatic stabilisers and those of the emergency policy...