Analyzing the Business and Economic Impact of Lockdown in the UK

This report analyzes the business impact of the UK lockdown, highlighting the unprecedented crisis faced by businesses across the country. It uses secondary data to assess the economic information, focusing on the UK government's financial crisis management. The report reveals a significant fall in output, leading to potential job losses and increased unemployment. It further examines the effects on various sectors, the effectiveness of government support schemes, and the decline in GDP. The conclusion emphasizes the severe impact on businesses and employees, stressing the importance of communication and adaptation to mitigate the financial crisis. Desklib provides access to similar reports and study tools for students.

Rationale of study
•Business impact during lockdown in UK, business across
the countries feel into unprecedented crisis. While this
could be need for having the economic information. The
main aim for selecting such topic because ensuring about
the best possible way for the organization on the advice
with UK government and knowing about their financial
crisis.
•Interpretation: During the first lockdown, UK
economy that have been effected by the financial
crisis and many of the employee 85% are being
jobless. While this could be results as (0.2154) at
least keeping their low countries working size and
this must low business profits. The scale for the
current having job crisis that could not be clear,
unemployment is still being rising and this must
important point for the countries.
INFORMATION ANALYSIS
–Sampling method
•This report will gathered the information through using
secondary data. While this could be more easier for
collecting or gathering information. Along with there are
also some of the online data have been used for stating
about the statistics and ration for the profits and loss in
lockdown.
References
•Buil-Gil, D. and et.al., 2021. Cybercrime and shifts in opportunities
during COVID-19: a preliminary analysis in the UK. European
Societies. 23(sup1). pp.S47-S59.
•Fletcher, G. and Griffiths, M., 2020. Digital transformation during a
lockdown. International Journal of Information Management. 55.
p.102185.
•Jallow, H., Renukappa, S. and Suresh, S., 2020. The impact of
COVID-19 outbreak on United Kingdom infrastructure sector. Smart
and Sustainable Built Environment.
•Jessop, J. and Shackleton, J.R., 2020. Rebooting Britain: How the
UK Economy Can Recover from Coronavirus. Institute of Economic
Affairs.
•Lea, R., 2021. A double dip recession looms, as lockdown restricts
economic activity. Arbuthnot Banking Group, 18.
•Renukappa, S., Suresh, S. and Jallow, H., 2020. Adapting to
COVID-19 crisis in the UK infrastructure sector.
Business impact during lockdown in UK
Such a rapid fall in output has significant implications for employment.
While this could be also found out that 7.6 million of job are at risk.
Through which the business and many other sector have to face many
issues and this must be important for them in keeping their profits, but they
have to pay more risk for their business.
This have been seems that lockdown in March, have become the major
shock for the business, but for the long term effects yet for keeping
understanding. Therefore, the business sector are facing high issues and
customer are also scared for using products and services and this could led
business for having loss. This come to know about how the
business sector that could affected the economy of the UK. Job retention
scheme and officially unemployed that effects more and how the
streamlined business support can quickly that might be get business for
need it. The line of unemployment that have been increased due to having
loss for the business sector, but from sometime, they are trying to keeping
some new concepts for their business. While through which they can got
some effect and make sure for having their some innovation things through
which they can make their customer for long term.
DATA INTERPRETATION
Business impact during lockdown in UK The current statistics that could need to work with having indicate
how very different specific sector and make sure for having their
employee about how they can have feared. This could be seems that
73% of workers are being accommodation and food services, 46% of
the construction, 14% of water utilities and keeping 13% of the given
information. Along with this communication have taken some of the
experience that could keep them for working and make sure about
their goals and objective. The scheme that could be providing
funding to business for using at their working sector. While having
such things this must be also important for knowing about how
usually they are required for working and make sure about their 85%
successfully submitted claim and received more amount from the
government. The magnitude of the recession caused by having
pandemic is being highly unprecedented while by modern times. GDP
that could be declined by the 9.8% in 2020, the most of the year that
could not be estimated and this make their countries economy to be
down.
Mean Std.
deviation
N
Gender 1.4253 21451 20
Age 1.2456 55426 20
Employee 1.4250 44216 20
CONCLUSION
From the above report it had been concluded that,
business impact over the lockdown that have been
seems highly effected and their employee who are
working. As this could also led them for working
with some high estimation. Along with this
correlation and regression about how they are
required for working and keeping their process
towards the better financial crisis and must make
their sector for more working. While having such
things this must be essential for working and make
sure about how they are require for keeping
communication among them and employee or
customer.