IFS: Costs of lost schooling could amount to hundreds of billions in the long-run

Monday, 1 February 2021 00:01

As a result of the pandemic, children across the UK are likely to lose at least half a year of normal, in person schooling. In the absence of a massive policy response, the long-run effects of this learning loss are likely to be substantial. In this IFS observation, Luke Sibieta, Research Fellow at the IFS, sets out the potential long-run costs of lost schooling. The figures are extremely large and are not intended as precise estimates. Instead, they are intended to illustrate...Request free trial