Assessment topic statement: “The fluctuations of consumer spending on retail goods and
services can have a significant positive or negative impact on the economy of a country. In
2020, the coronavirus pandemic has impacted consumer retail spending in unique ways,
increasing some types of retail spending while reducing others. In the UK, the economy has
experienced measurable changes due to this unique circumstance.” (ARUL/Young, 2020)
Using economics theories, explain the unique changes in consumer retail spending that the
UK economy has experienced from in 2020 (Task 1). Discuss adaptations by the UK
government in response to the change in UK consumer retail spending habits in 2020.
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