Economics
U.K. Businesses Enter New Lockdown With Dwindling Cashflows
- Government is under pressure to add to company aid payments
- Non-essential shops are closed for at least six weeks
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U.K. businesses were suffering even before the latest lockdown, leaving many in a precarious position as they enter new restrictions with what many say is insufficient government support, a survey showed.
The findings from the British Chambers of Commerce add to pressure on Chancellor of the Exchequer Rishi Sunak to extend aid to companies beyond the 9,000-pound ($12,000) one-time grants he’s offering. With non-essential shops and hospitality venues closed for weeks after a dismal 2020, a growing number of businesses are headed for a financial abyss.