Source · Select Committees · Treasury Committee
Eleventh Report - Economic impact of coronavirus: gaps in support and economic analysis
Treasury Committee
HC 882
Published 15 February 2021
Government response
Sixth Special Report: Economic impact of coronavirus: gaps in support and economic analysis: Government Response to the Committee's Eleventh Report · published 26 Apr 2021
Recommendations & Conclusions
18
Conclusion
Not Addressed
Para 98
The Treasury’s analysis has been criticised for not providing modelling of the alternative to lockdowns.
Conclusion
The Treasury’s analysis has been criticised for not providing modelling of the alternative to lockdowns. There is evidence to suggest that in the absence of lockdown, people would have socially distanced to a large extent through fear of viral transmission …
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Government Response Summary
The government provides a general statement about its approach to economic analysis and decision-making regarding COVID-19, but does not specifically address the committee's point about modelling alternatives to lockdowns or the costs of voluntary social distancing.
HM Treasury
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24
Recommendation
Not Addressed
We strongly believe that the Treasury needs to retain greater modelling capacity outside the OBR,...
Recommendation
We strongly believe that the Treasury needs to retain greater modelling capacity outside the OBR, so that it can model the implications of different policies. It should also ensure that it has sufficient capacity to modify or use new types …
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Government Response Summary
The government provides a general description of its existing approach to economic analysis, including studying academic literature and commissioning SAGE advice, but does not address the specific recommendation to produce a policy document on its independent modelling capacity.
HM Treasury
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