The coronavirus pandemic has dramatically reshaped UK businesses across various sectors. Many organisations have been forced to make difficult decisions in the name of survival.
There is no denying the far-reaching impacts of COVID-19 on the UK economy. The pandemic has tested the resolve of even the most robust firms, causing enormous upheaval and unpredictable market conditions. As such, many UK businesses were forced to rely on Government support schemes to stay afloat.
The Government is exercising extreme caution when it comes to easing lockdown restrictions. This is a sensible approach. After all, the UK is in its third national lockdown, and the Prime Minister will be keen to avoid another. That said, the slow road out of lockdown will likely frustrate many UK businesses. Many non-essential, retail and leisure businesses must now remain closed until 12th April, and even then, many will be unable to operate at full, pre-pandemic capacity.
