logo

Impact on UK business before and after lockdown

   

Added on  2023-01-04

2 Pages751 Words64 Views
 | 
 | 
 | 
\
Business is one of the activities which is beneficial in
earning money by selling or buying of the products.
Covid 19 pandemic is one of the most terrific threats for
all over the world. It has completely damaged the whole
economy and stop the normal life of human beings that
they lived before lockdown in a more efficient and
significant manner. A functional statement made by the
US reporter has been suggested that UK business
community is completely affected badly due to
lockdown.
‘Calm before the storm’ was the actually tagline that could basically
happened with the businesses in United Kingdom. Before Lockdown,
things are actually well planned and maintained, businesses were
growing rapid, however, there was some instance, impact of Brexit was
affected to the few organisations but the growth of businesses were high
than the terrific report of this sector after lockdown.
Impact on UK business before and after lockdown
INTRODUCTION Businesses in United Kingdom before lockdown
Impact on businesses during lockdown
During lockdown, the business turnover in UK has been decreased by 50% which is a complete synchonym
for the society. And it gives the major impact that at current state businesses needs to adopt various strategies
to increase the growth and opportunities rapidly.
According to the researchers, restaurants, pubs and bars have been impacted 87% with the earnings of 4.7bn
according to the UK hospitality organisation.
The growth of the construction industry also slowed down by 3% during the month of August 2020.
The aerospace manufacturer has been announced to cut the total of 9000 jobs because of the tough conditions
caused by COVID 19.
The pandemic not only majorly impacted the organisation but also decreases the employment ratio.
Impact on UK business before and after lockdown_1

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents