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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