A Report on the Socio-Economic Consequences of COVID-19 in the UK

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Added on  2023/06/14

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This report provides an overview of the impact of the COVID-19 pandemic on the United Kingdom, focusing on its effects on the economy, healthcare, and social life. It highlights the significant drop in GDP during the second quarter of 2020, the rise in unemployment despite government intervention through schemes like the Coronavirus Job Retention Scheme (CJRS), and the initial deflationary pressures. The report also addresses the strain on the UK healthcare system and the disproportionate impact on vulnerable social groups. Ultimately, the report concludes that the pandemic has had a substantial negative impact on the UK, affecting its citizens and economy significantly. Desklib offers this and other solved assignments for students' reference.
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Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Discussion about Covid-19 and its impact in the UK..................................................................3
Impact of Covid-19 on the Healthcare in the UK........................................................................4
Impact of the Covid-19 Pandemic on the economy of the UK....................................................5
Impact of Covid-19 on the social life of the Citizens of the UK.................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
The coronavirus pandemic is a continuing worldwide health epidemic and the greatest challenge
humanity has faced since World War II. It spread like wildfire from Wuhan in China, Asia, to
every nook and cranny of the globe save Antarctica (Cox, and Brewster, 2022). The human race
has been broken by the growing death tolls, which now total more than one million deaths. It
triggered a global economic catastrophe and deprived many people of fundamental living
circumstances. The following report highlights the impact of covid-19 on UK. It highlights how
the different aspects of the UK are impacted by Covid-19.
MAIN BODY
Discussion about Covid-19 and its impact in the UK
The COVID-19 (Coronavirus) epidemic has had a significant influence on daily living, as well as
the global economy. Thousands of people have been sickened or killed as a result of the disease's
spread. Fever, chills, coughing up bone pieces, and trouble breathing are the most frequent
symptoms of the flu or a viral infection, which can lead to pneumonia. Major precautions should
be taken, such as maintaining a tight cleaning regimen, maintaining social distance, and wearing
masks, among other things. The global spread of this virus is quickening (Daniel Pg 93). During
the early stages of the epidemic, governments limited public meetings in order to avoid the
infection from occurring and violating the exponential distribution curve. In order to avoid the
harm caused by this exceedingly dangerous situation.
02/03/202017/05/202001/08/202016/10/202031/12/2020 17-03-2021 01-06-2021
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Death Figure
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The above line graph highlights how many deaths were recorded by the authorities in the UK in
the time frame of one and a half year. The graph shows that the country recorded the peek in the
deaths of its citizen due to coronavirus in the January of 2021. The link between socioeconomic
determinants of health and health outcomes is gaining popularity (De Camargo, 2022). Despite
this, many medical professionals and academics have been unwilling to acknowledge racism as a
cause in racial health inequalities. Only a few studies have looked at the health impacts of
institutional racism, with most focused on interpersonal racial and ethnic prejudice. The latter is
made up of interrelated institutions with a shared history and culture. As a result of the COVID-
19 pandemic, prejudice is being practised in a number of settings. The epidemic has highlighted
certain pre-existing prejudice and injustice in various respects.
Impact of Covid-19 on the Healthcare in the UK
After more than a year and a half of the Covid-19 epidemic, we've gotten accustomed to daily
reports on new cases, hospital admissions, and fatalities, as well as the more welcome figures of
individuals immunised in 2021. While the health services in the four countries have encountered
many of the same issues over this time, UK-wide reporting has obscured any distinctions in
peaks and troughs. This represents the spread of Covid-19 through time, as well as the influence
of new viral strains and lockdown laws, among other things.
Figures on 26th Aug 2021 - Source: (Gov, 2021)
Deaths: Recovered: People in Hospitals
The above pie chart highlights the amount of people who have died, recovered and were in
hospital as on 26th August 2021
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Impact of the Covid-19 Pandemic on the economy of the UK
The UK economy has suffered as a result of the Covid-19 epidemic. In the second quarter of
2020, GDP fell by 19 percent. This is the biggest drop in GDP the UK has ever seen in a quarter.
The major causes of this drop are the combined consequences of considerable cutbacks in
investment and consumption (Hinton, and et.al., 2022). In response to the epidemic, the
government boosted expenditure, but not enough to offset the drop in consumption and
investment. Furthermore, the United Kingdom's trade surplus in the second quarter of 2020 had
little effect on GDP. The best performing macroeconomic indicator was unemployment.
2020
JAN 2020
FEB 2020
MAR 2020
APR 2020
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC
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Unemployment number during Covid-19
pandemic
After a severe drop in GDP, unemployment rose from 4.0 percent in January 2020 to 5% in
December 2020. The Coronavirus Job Retention Scheme (CJRS) and the Self Employment
Income Support Scheme (SEISS) have kept unemployment at a manageable level. Without these
programmes, unemployment may have risen to dangerously high levels. Inflation in the United
Kingdom fell from 1.8 percent in January 2020 to 0.2 percent in August 2020, and stayed low for
the rest of the year. As a result, the danger of deflation in the UK was considerable during the
epidemic, although it did not materialise. This will help the economy recover since deflation
leads customers to save rather than spend their money. The resilience of global supply chains has
led to limited inflation in traded goods and services, and the rise in automation has kept wages
above prices, implying that inflation will remain low throughout the pandemic (Lu, Vijaykumar,
Jin, and Rogerson, 2022). With economic recovery, there is a danger of significant inflation
when pent-up demand is released, causing fast economic expansion and hence a high inflationary
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risk. Overall, the Covid-19 epidemic and the lockdown have had a significant impact on the
United Kingdom, with declines in consumption and investment being the primary culprits.
Because of the aims of government policy, GDP has shrunk dramatically while unemployment
has stayed low.
Impact of Covid-19 on the social life of the Citizens of the UK
We are in the midst of a global health crisis unlike any other in the United Nations' 75-year
existence, one that is killing people, causing human misery, and upending people's lives. But this
isn't just a health emergency. It's a humanitarian, economic, and societal disaster. The
coronavirus illness (COVID-19), which the World Health Organization (WHO) has classified as
a pandemic, is wreaking havoc on communities.
The United Nations Department of Economic and Social Affairs (UN DESA) is a pioneer of
sustainable development and the home of the Sustainable Development Goals (SDGs), where
each objective finds a home and where all stakeholders can work together to ensure that no one
is left behind. UN DESA's Division for Inclusive Social Development (DISD) tracks national
and global socioeconomic trends, identifies new concerns, and examines their consequences for
national and international social policy. We are a major analytical voice for boosting social
inclusion, decreasing disparities, and eradicating poverty in this regard (Sabbagh, and et.al.,
2022).
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The COVID-19 epidemic is affecting all segments of the population, but it is more harmful to
individuals in the most vulnerable social groups. It continues to afflict populations such as those
living in poverty, the elderly, people with disabilities, youth, and indigenous peoples. Early
research suggests that the virus's health and economic consequences are borne disproportionately
by the poor (Yorke, and Grubb, 2022). Homeless persons, for example, are particularly
vulnerable to the virus because they may not be able to find a secure place to stay. People
without access to running water, refugees, migrants, and displaced persons are also likely to
suffer disproportionately from the epidemic and its aftermath — whether as a result of restricted
mobility, fewer job possibilities, or heightened xenophobia, for example.
CONCLUSION
From the above-mentioned report, it can be concluded that the covid 19 pandemic have a much
worse and negative impact on the economy and the citizen of the UK economy. The report has
highlighted how many citizens of the UK have died due to the pandemic and how the economy
of the country have been effected due to the pandemic lockdown and the covid-19 itself.
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REFERENCES
Books and Journals
Cox, A. and Brewster, L., 2022. Aligned but not integrated: UK academic library support to
mental health and well-being during COVID-19. Library Management.
De Camargo, C., 2022. ‘It's tough shit, basically, that you're all gonna get it': UK virus testing
and police officer anxieties of contracting COVID-19. Policing and Society, 32(1),
pp.35-51.
Hinton, R., and et.al., 2022. Improvement in mortality of hospitalized patients with
hematological malignancies in the 2nd wave of COVID-19 in the UK: experience of a
large London NHS trust. Leukemia & Lymphoma, 63(1), pp.227-230.
Lu, X., Vijaykumar, S., Jin, Y. and Rogerson, D., 2022. Think before you Share: Beliefs and
emotions that shaped COVID-19 (Mis) information vetting and sharing intentions
among WhatsApp users in the United Kingdom. Telematics and Informatics, 67,
p.101750.
Sabbagh, Y., and et.al., 2022. The COVID-19 experience of orthodontists in the UK. Journal of
Orthodontics, p.14653125211068046.
Yorke, C. and Grubb, L., 2022. Assessing dynamic curriculum change due to COVID-19 for UK
academics and students. In Sport Management Education (pp. 207-220). Routledge.
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