global economy

250000 small businesses in UK face bankruptcy in 2020 From British small business association

RecordTrend.com 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 recordtrend.com. 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.

More reading: German Federal Bureau of Statistics: in August 2020, German commodity exports rose by 2.4% to 91.2 billion euros on a month on month basis. Forbes: 12 trends of technology industry in 2021. Savills: Manhattan office vacancy rate rose to 15.1% in 2020. South Korea customs office: in the first 20 days of December 2020, South Korea’s exports increased by 1.2% on a year-on-year basis. Wells Fargo: Top 10 global predictions in 2021 “Tesla will be the next AOL” ranks first: Urban Renewal Authority of Singapore: Sales of private housing in Singapore will increase by 18% month on month in November 2020 costar: more than 11000 retail stores in the United States will close in 2020 International Finance Association: emerging market stocks will receive US $6.3 billion of non resident capital net flow into the Federal Reserve in October 2020: US consumer lending growth will reach US $1.5 billion in September 2020 Expected double South Korea customs agency: South Korea’s exports fell by 5.8% in the first 20 days of October 2020 on a year-on-year basis Central Bank of Korea: South Korea’s GDP increased by 1.9% in the third quarter of 2020 on a month on month basis export hit the biggest increase in 34 years Japanese Ministry of Finance: 1.3417 trillion yen in September 2020 to China 14% year on year growth IMF: global government debt is expected to reach almost the same scale as global GDP (about US $90 trillion) in 2020 Japan’s Ministry of health, health, labor and welfare: Japan’s inflation adjusted real wages will drop by 1.4% year on year in August 2020 Princeton University: US needs to invest US $2.5 trillion in the next 10 years to achieve the carbon free target

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button