The Office for National Statistics has issued its latest Covid-19 economic indicators linked to the coronavirus outbreak.
Here are some of the main stats from surveys collected earlier this month, laying bare the cash squeeze many businesses are facing:
- 42% of responding businesses had less than six months of cash reserves
- 4% of responding businesses had no cash reserves
- 79% of responding businesses had applied for the Coronavirus Job Retention Scheme. Around 27% of the workforce in these businesses had been furloughed
Some businesses that temporarily ceased trading are now reopening:
- ย Of businesses who responded as trading, 8% said they had started trading again in the last two weeks
- 24% of businesses who have currently paused trading expect to start trading again in the next four weeks
- ย 31% expect to start trading in more than 4 weeksโ time
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