This report examines the significant economic repercussions of the COVID-19 pandemic and Brexit on the UK economy, highlighting a 4% decline in Britain's economy due to these factors. It discusses key considerations for economic development, focusing on strategies to address the challenges posed by COVID-19 and the implications of Brexit. The report details the UK government's major economic responses, such as the Eat Out Help Out Scheme, Job Retention Scheme, Kickstart Scheme, and Mortgage Holidays, along with the Bank of England's measures, including reducing interest rates and service charges. It also analyzes the potential long-term impacts of Brexit on the UK economy, providing recommendations for navigating these complex economic challenges. Desklib offers more resources like this to aid students in their studies.