1.8m firms at risk of insolvency amid Covid crisis

Research by CEBR and Opinium estimates that 1.8m businesses could be at risk of insolvency as a result of pandemic-related disruption, including 336,000 that face a high risk of going bust. Just a third of companies reported positive trading conditions during January, according to the study. The 500 businesses polled said that profits had fallen by 18% over the past 30 days – compared to a 20% reduction in December. More than one in five respondents said that they would have to delay planned investments as a result of the latest lockdown. Three quarters expected to be able to return to pre-Covid levels of production within a year of restrictions being lifted. However, one in ten foresaw a more protracted recovery.

Read more: The Times


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