This report examines the profound impact of COVID-19 on the UK economy, exacerbated by the existing challenges of Brexit. It details the economic consequences, including business closures, increased unemployment, and rising national debt. The report analyzes the UK government's major economic responses, such as bounce-back loans, the furlough scheme, and the Eat Out to Help Out scheme, assessing their implications. Furthermore, it explores the Bank of England's interventions, including interest rate reductions. Finally, the report discusses the likely impacts of Brexit on the UK economy, providing a comprehensive overview of the economic landscape. Desklib offers this document as a resource for students, alongside a wealth of other solved assignments and study materials.