The centre-right CPS think tank today produced a more up-to-date assessment, saying the total could be £301bn.
It said the cost of the support schemes themselves could add £127bn on to borrowing, with £119bn lost due to lower tax receipts and higher welfare payments. However, the CPS cautioned that any predictions in the current climate are deeply uncertain.
Top 10 biggest government programmes
|Scheme||Cost in 2020-21|
|Coronavirus job retention scheme||£42bn|
|Small business grant schemes||£15bn|
|NHS historical debt write-off||£13bn|
|Self-employment income support scheme||£10bn|
|NHS emergency response funding||£6.6bn|
|Coronavirus business interruption loan scheme||£6bn|
|Rail emergency measures||£3.5bn|
|Local authority funding||£3.2bn|
|Devolved administration public service funding||£2bn|
Data compiled by CPS from OBR and other sources
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Date Added: Tuesday 21st April 2020