Factors Impacting Consumer Retail Spending in UK due to Covid-19

Economics for business

Executive Summary
Business Economics is the field of study of micro environmental factors which directly
impact on living life and standard policies of human beings every individual need to fulfil their
basic demands for this purpose they Run business this report has been formulated to identify the
impact of economic crisis has been arises within the UK economy at the present time the whole
word suffers from covid-19 pandemic which will directly impacted on the preferences of
consumers being the king of the market customers demand their preferences their thoughts that
impact on the production level of each sector this report has been refined impact of customers
preferences they are changing perception due to the impact of this pandemic as well as British
agreement the changes of demand and supply curve elements which directly impact on these
curves and the policies procedures used by Britain government to recover or reduce the impact of

this pandemic on retail sector it is also define the necessity of using policies of government to
maintain retail sector sustainability and to recover the loss which is arises due to the Logon
period this report take all the essential information from various government sites as well as
books which help in collecting essential data for successfully completion of this project .

Contents
Executive Summary.........................................................................................................................2
Contents...........................................................................................................................................3
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Factors determining shifts in consumer retail spending in UK due to Covid-19........................1
TASK 2............................................................................................................................................4
Main UK government and economic policies to influence consumer spending.........................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8
Coronavirus: Retail sales crash in April as lockdown hits shops [Online]. Available through.......8
UK national debt highest since 1960s after record October borrowing – as it happened...............8
Digital currency could help with negative interest rates, says BoE's Haldane – as it happened.....8
FTSE 100 hits five-month high after Moderna vaccine boost – as it happened..............................8