The latest indicators for the UK economy and society

Sep 16, 2020 | Blog

Added 16 September 2020

Early experimental data on the impact of the coronavirus (COVID-19) on the UK economy and society show that:

– Over half (54%) of businesses that had not permanently ceased trading said they were owed outstanding invoice payments as a result of the pandemic.

– Less than half of all businesses had cash reserves to last six months.

– On 23 August 11% of the entire UK workforce were furloughed.

– There was a continuing trend of reduced home working according to the latest Opinions and Lifestyle Survey (OPN), with 20% of working adults exclusively working from home.

– Between 21 and 28 August, total online job adverts remained around 55% of their 2019 average for a fourth consecutive week.

– In the week commencing 24 August, overall footfall increased to over three-quarters of its value the same day a year ago for the first time since lockdown began.

Note: the Business Impact of COVID-19 Survey (BICS) is voluntary and currently unweighted, so it may only reflect the characteristics of those who responded.  Results presented are experimental.



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It is very clear from the survey that cash flow planning is absolutely necessary right now and we can help you plan forward and make better business decisions.

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