The global outbreak of the new coronavirus pneumonia (CCP) early last year has recently resumed in many countries, and the economy has been hit hard by it, with many people losing their jobs in the severe epidemic. According to a study published by the Federation of Small Business (Federation of Small Business) on Monday local time, about 250,000 small businesses in the United Kingdom because of the impact of the epidemic, it is feared that this year will close down, and even lead to the employment of millions of people threatened.
The association noted that a record number of small businesses were scheduled to close last year, stating that “the UK will lose 250,000 businesses. According to statistics, one fifth of the Association’s businesses were forced to lay off workers in the fourth quarter of last year alone as a result of the current severe epidemic, and one in seven are likely to make the decision to do so this year. It is feared that up to 16 million jobs will be affected.
The recent imposition of a third embargo in the U.K. has also led to a lack of hope for the future of many small businesses. In the fourth quarter of last year compared to the beginning of last year, the number of new hires fell by 13%. Among the companies surveyed, 58% of them expect their profitability to decline.
In order to save small businesses, the association also developed a preferential payment, direct funding to assist enterprises to face the post-Brexit difficulties and other related support programs, and called on the British government should save these small businesses. In addition to the epidemic, the situation of Britain’s exit from the European Union may also make the situation of British small businesses more difficult.
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