One in seven UK businesses 'on brink even before lockdown'
by Larry Elliott Economics editor from on (#5AK2Q)
Official snapshot taken prior to latest restrictions in England reveals confidence low
One in seven businesses in Britain was teetering on the brink of collapse even before the new lockdown in England came into force at the start of November, the latest official snapshot of trading conditions has revealed.
The regular update from the Office for National Statistics showed that one in seven firms polled during the last two weeks of October said they had low confidence or no confidence that they would survive the next few months. The hospitality industry was the least confident, with one in three firms fearful of collapse.
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