United Kingdom: over 40% of companies at liquidity risk

Situation is due to the covid-19 pandemic.

According to official statistics on the impact of the new coronavirus, more than 40% of British companies have less than six months of available funds and about 80% have resorted to the government’s lay-off regime. One million British companies are under this scheme, with a total of 8.4 million workers.

The so-called “job retention scheme” was created with the aim of helping companies affected by the interruption of economic activity during the confinement that was enacted on March 23 in the United Kingdom and to avoid the mass dismissal of people, guaranteeing payment of 80% of wages up to £2,500, equivalent to 2,850 euros.

The data also shows that, of the companies stopped during the week between May 4th and 17th but with plans to restart the activity, the majority were factories (36%) and construction (35%).

99% of respondents expressed the intention to introduce security measures, namely protective equipment and social distance.

With the pandemic in the UK, job vacancies on the internet fell by more than 50% between March 6 and May 29, but the survey concludes that they appear to have stabilized in recent weeks. It should be noted that, since mid-May, the British Government has been easing restrictions. Greater outdoor activity is already allowed and those who cannot do it from home are encouraged to return to work.

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