Almost half of UK firms could run out of money within six months
by Larry Elliott Economics editor from on (#53F37)
ONS survey shows 44% of respondents' reserves will not last until end of year
Almost half of UK businesses are within six months of running out of cash, despite the lifeline provided by the government's furlough scheme, according to the latest official snapshot of how firms are faring.
In its fortnightly survey on the economic impact of Covid-19, the Office for National Statistics found 44% of firms that responded said their reserves would last for less than six months.
Related: The UK's biggest quarterly economic declines
Continue reading...