Rishi Sunak has braced Britain for a “important recession” because the coronavirus pandemic hits the economic system arduous.
After the coronavirus pandemic struck, nationwide financial progress slumped by an enormous 5.eight per cent in simply March alone, it was revealed immediately.
The collapse is the biggest ever month-to-month hunch on report.
The Treasury has predicted that the pandemic will value the exchequer £300 billion this yr.
It might require income-tax rises, a two-year public pay freeze and an finish to the triple lock on state pensions.
The Chancellor warned it’s also solely the tip of the iceberg, because the determine takes in only one week of full lockdown, which began on March 23.
Small enterprise knowledgeable and entrepreneur Matt Haycox was one of many many enterprise house owners to lose all of it within the monetary crash of 2008.
Right here he offers his outlook on what the long run could maintain for small companies this time spherical.
In addition to answering questions together with…
– How can companies put together for the tip of lockdown?
– How companies could make their workplaces ‘Covid-secure’
– What Boris Johnson’s ‘roadmap’ to restoration means for SMEs
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