Evaluating the Impact of COVID-19 Pandemic on the UK Economy

This essay examines the profound impact of the COVID-19 pandemic on the United Kingdom's economy, with a specific focus on the tourism industry. It highlights how the pandemic, originating in 2019, significantly disrupted tourism, a crucial economic activity for the UK. The analysis covers the challenges faced by the tourism sector, including decreased tourist arrivals, revenue decline, and increased unemployment. It also explores the government's efforts to mitigate the crisis through policy development and support for affected industries. Furthermore, the essay emphasizes the importance of strategic planning, market research, and the adoption of information technology to navigate the challenges posed by the pandemic and foster economic recovery in the UK.

Impact of COVID-19
on UK industry

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................4
ESSAY.............................................................................................................................................4
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The COVID-19 pandemic has created a vast impact on United Kingdom and its economy
in a short period of time (Agyekum, Kukah, and Amudjie, 2021). The issues related to COVID-
19 pandemic has created vast conditions for the general public as well as for government of
United Kingdom. It is also crucial role of management to focus on analysing the impact of
COVID-19 of COVID-19 to develop focused approach. The pandemic was first came into
existence in the year 2019 in Wuhan City in China, it is also essential for the business entities in
tourism sector to focus on development of effective strategies. Business strategies are designed
by companies in order to face effective operations related to growth in the time of COVID. The
most recommended way to solve issues related to the pandemic is to follow government
developed strategies. It is also recommended for tourism industry to follow all major COVID-19
protocols which are formulated by government of United Kingdom. It is also crucial role of
tourism industry to give special attention to goals and policies developed by them and follow it
throughout the time.

MAIN BODY
ESSAY
The tourism industry is crucial economic activity which helps in achievement of serving
travellers in a precise manner. Tourism of United Kingdom attracts many foreigner travellers to
most important destinations of UK. It is also essential for the business entity to focus on tourism
development by following many different policies of United Kingdom. All major companies in
the international and national marketplace should develop ethical and legal operations. This is
important for a business in tourism sector to briefly analyse COVID-19 by using statistical data.
The tourism sector is covered with various responsibilities of making tourists happy along with
development based approach (Al Amri, and Marey-Perez, 2020). It is also one of the crucial
responsibility of management of a business to develop planning framework for business support.
The London City is considered as one of the greatest tourism spot in the United Kingdom. The
London destinations like Bridge and Big Ban are visited mostly by various visitors, this also
provide a good revenue to economy. The profitability developed and provided by tourism sector
to the economy plays a crucial role in increasing government share. After the impact caused by
COVID-19, the economy is impacted in a significant manner, this has created a negative impact
on development of infrastructure and tourism based services. Before COVID-19,pandemic, UK
tourism industry was able to attract millions of tourists every year. After 2019 when this
pandemic came, it become a major issue or challenge for the United Kingdom's economy to
focus on enhancement of this sector. In the recent times, recovery from COVID-19 phase has
started and again many tourists are able to visit major destinations of UK. The various places
which are discovered by tourists has a great importance for whole economy. The major
importance of tourism industry is, it is helpful in providing employment opportunities to public
(Eikhof, 2020) The tourism industry is majorly providing benefit to UK economy by
contributing to national income and gross domestic product of the company. It is also key role of
a business in tourism sector to provide essential services to different tourists after COVID-19 in
order to develop at the marketplace.
The tourism sector is the backbone of an economy in order to focus on development of
different strategic goals and objectives. It is crucial responsibility of management to analyse
various factors which are essential for business growth in order to gain competitive advantage.

The Tourism sector of United Kingdom also play a crucial role in development of all sections of
society. The employment turnover ratio of a country is also affected with the support of tourism
based industry. For the primary sector, tourism organisations play a crucial role in development
of various business based goals and objectives. In the tourism based sector, guides also earn a
significant amount of revenue from the workplace. In the recent times, it is crucial role of a
business in order to provide effective advantage to different sectors. The secondary sector which
is related to transportation and supply chain management also gain growth because of tourism
sector based organisation. It is also one of the vital role of tourism industry to focus on effective
measures and planning framework to develop its functions and operations. The companies in the
tourism sector also provide increase in standards of the society by contributing to economic
development (Foroudi, Tabaghdehi, and Marvi, 2021).. It is also main role of a tourism based
organisations to provide specific amount of revenue to the government in order to spend it on
social welfare. The tourism based companies also develop quality based services to tourists
organisations in order to lead the marketplace. The corporate social responsibility is also a major
type of function in which the companies of UK donates significant amount of revenue to the
development of society. In the year 2019, COVID-19 pandemic has impacted on various
operations and functions of government in order to control the economy. The pandemic nearly
stopped business activities and arrival of tourists from abroad due to lock down. This impacted
on major areas of economy and there are key responsibilities of government of UK to deal with
consequences and challenges created by COVID-19. It is also one of the major role of
government to support development of laws and regulations which are useful for tourism sector
development. The crises also impacted on hospitals and clinics of UK as there was large number
of patients who are begging for bed in hospitals. Government was also trying hard to regulate
various practices which are helpful in increasing the competitive strength of tourism sector. In
the corporate world, it is essential for a business entity to develop strategic planning framework
which is essential for key business development (Gray, and Sanders, 2020). In order to lead at
the marketplace, it is crucial role of a company to play a major role. It is also one of the major
target of tourism industry to focus on analysing key goals and approaches that are beneficial for
tourism sector development.
The United Kingdom's tourism industry is impacted in a major sense by COVID-19
pandemic in last 2 years. The trade and commerce of whole economy got declined due to the

devastating impact caused by COVID-19. It is essential role of management of a company to
analyse again their rules and policies in order to deal with COVID-19 pandemic. The pandemic
has decreased the revenue and profitability of company and also impacted on its functioning.
Due to impact caused by COVID-19, the unemployment rate has also increased. This has created
a misconception in mid of general citizens in order to make them more dynamic. The pandemic
has created a major negative impact on circulation of money supply in the economy which is a
major point (Khalid, Okafor, and Burzynska, 2021). The monetary policy which has been
developed by economic ministry of United Kingdom also play a major role in crucial
development of economic. The COVID-19 pandemic has created a major impact on monetary
stability of economy in order to focus on major aspects. The economic ministry is coming up
with major planning related to budget in order to effectively lead at the marketplace. Tourism
industry has also affected in a major sense with the impact caused by the pandemic. It is
important for the business entity to analyse and focus on key goals and objectives which are set
at the starting of financial year and achieve them with major focus and strategy (Li, Yao, and
Chen, 2021). The crisis is majorly dependent upon significant impact caused by COVID-19
pandemic in the economy of UK. The flight systems were also stopped by government of UK in
order to stop travelling practices which are promoting tourism. This majorly impacted on
different trends and values of tourism industry and there is a demand of change management. In
order to deal with the crisis a business should use information and technology in majority of its
operations in order to perform quick and accurate operations (Yeh, 2021). The IT based practices
are actively involve in development of various focused ways which are essential to develop
planning framework.

CONCLUSION
From the above stated report it can be concluded that it is also crucial responsibilities of
top level management and strategic management of a company to briefly analyse key goals and
objectives related to market research for understanding market trends. This project concludes, in
order to deeply understand the marketing trends a brief marketing based survey should be
conducted which should be helpful in increasing business strength of a tourism based
organisation. It is the major task of UK economy to focus on key goals and objectives related to
a research for development of key parameters and approaches. The essay also concludes
importance of strategic and planning framework which is essential for overall development of
the business. This essay also suggests various approaches which can be used by government of
United Kingdom to develop focused policy and plan.

REFERENCES
Books and Journals
Agyekum, K., Kukah, A.S. and Amudjie, J., 2021. The impact of COVID-19 on the construction
industry in Ghana: the case of some selected firms. Journal of Engineering, Design and
Technology.
Al Amri, T. and Marey-Perez, M., 2020. Impact of covid-19 on Oman's construction
industry. Technium Soc. Sci. J., 9, p.661.
Eikhof, D.R., 2020. COVID-19, inclusion and workforce diversity in the cultural economy: what
now, what next?. Cultural Trends, 29(3), pp.234-250.
Foroudi, P., Tabaghdehi, S.A.H. and Marvi, R., 2021. The gloom of the COVID-19 shock in the
hospitality industry: A study of consumer risk perception and adaptive belief in the dark cloud of
a pandemic. International Journal of Hospitality Management, 92, p.102717.
Gray, R. and Sanders, C., 2020. A reflection on the impact of COVID-19 on primary care in the
United Kingdom. Journal of Interprofessional Care, 34(5), pp.672-678.
Khalid, U., Okafor, L.E. and Burzynska, K., 2021. Does the size of the tourism sector influence
the economic policy response to the COVID-19 pandemic?. Current Issues in Tourism, 24(19),
pp.2801-2820.
Li, Y., Yao, J. and Chen, J., 2021. The negative effect of scarcity cues on consumer purchase
decisions in the hospitality industry during the COVID-19 pandemic. International Journal of
Hospitality Management, 94, p.102815.
Yeh, S.S., 2021. Tourism recovery strategy against COVID-19 pandemic. Tourism Recreation
Research, 46(2), pp.188-194.
(Agyekum, Kukah, and Amudjie, 2021)(Al Amri, and Marey-Perez, 2020)(Eikhof, 2020)
(Foroudi, Tabaghdehi, and Marvi, 2021)(Gray, and Sanders, 2020)(Khalid, Okafor, and
Burzynska, 2021)(Li, Yao, and Chen, 2021)(Yeh, 2021)