Analysis: Impact on UK Businesses Before and After the Lockdown

This report provides an in-depth analysis of the impact of the COVID-19 lockdown on businesses in the United Kingdom. It examines the business landscape before the lockdown, highlighting the initial state of the economy and the potential impact of Brexit. The report then delves into the significant effects of the lockdown, including a 50% decrease in business turnover, the devastating impact on sectors like restaurants and construction, and the rise in unemployment. Furthermore, it explores the post-lockdown scenario, discussing the increase in debt for businesses and the government's attempts to provide support through loans and tax relief. The conclusion emphasizes the severe challenges faced by businesses during the pandemic and summarizes the government's attempts to mitigate the negative effects. The report references various studies and surveys to support its findings, providing a comprehensive overview of the economic impact of the lockdown on UK businesses.

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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 after lockdown
It can be suggested that a new normal has been worsened the conditions of businesses. In
United Kingdom over two trillion businesses are current in the debt now and government has
completely neglected that how lockdown becomes a major tragedy for the organization. The
government maintains it has struck a balance between protecting jobs, the economy and saving
lives. Every sector including entrepreneurship, investors, mega events, unemployment and
welfare costs are facing a big damage in the society.
According to the InYourArea.co.uk, the survey has been conducted by them which suggested
that different businesses survived and maintained daily activities. The majority states that
catastrophic impact were taken place during the time of lockdown. 2700 large business
organisations has been suggested that they are not sure whether to reduce or stopped their
product at the time of lockdown and approximately 31% are not even want to survived due to
difficulties that has been occurred at the time of Lockdown.
Conclusion
The above discussion concludes that businesses have suffered a lot at the
time of Covid 19 pandemic and but the government somehow try to help
businesses on the basis of loans, cash grants and tax relief. Also,
government has been started emerging with the new policy that employers
have to pay 80% to their staff members when they were not working due to
genuine reason.
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