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250000 small businesses in UK face bankruptcy in 2020 From British small business association is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the 250000 small businesses in UK face bankruptcy in 2020 From British small business association recommended by And this article belongs to the classification: global economy .

The Federation of small businesses warned on Monday that unless the government provides more aid, at least 250000 small businesses in the UK will fail in 2021, which could further hit the UK economy, which is heading for a double dip recession.

The warning comes at a time when the UK has imposed another blockade to contain the new epidemic, the hospital system is under a heavy burden and unemployment is increasing. Lobbying groups say the 4.6 billion pound (about $6.2 billion) emergency aid announced by the British Chancellor of the exchequer, Rishi sunak, at the start of the blockade, is far from enough.

Mike cherry, chairman of the Federation of small businesses, said: “the development of business support measures has not kept pace with the increasing restrictions. This year, we are likely to lose hundreds of thousands of excellent small businesses, which will bring huge losses to the livelihoods of local communities and individuals. “

The association’s quarterly survey found that business confidence in the UK is at the second lowest level in the 10 years since its survey began, with nearly 5% of the 1400 companies surveyed expected to close this year. There are about 5.9 million small businesses in the UK, according to government data.

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