Cost of Covid response has risen to £372bn says NAO

At the end of March 2021, the estimated cost of the government’s response to the covid-19 pandemic had risen to £372bn according to a report by the National Audit Office (NAO)

This figure is the total cost estimate for measures for which government departments are responsible for, and the statistics provided in the report come from the NAO Covid-19 Cost Tracker. 

The estimated lifetime cost of the biggest programmes introduced in the last year were the Coronavirus Job Retention Scheme at £62bn, NHS Test and Trace at £38bn, and self-employment income support scheme (SEISS) at £27bn.

Other big spender’s over the last 12 months have been universal credit which cost £10bn, business grant funding at £18bn, business rates reliefs of £21bn and spending on the vaccine reached £10bn. There was an additional £65bn estimated to be spent on support for other public services and emergency responses.

The

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