Assessing the Business Impact of Lockdown on the UK Economy Report

This report examines the business impact of the UK lockdown, highlighting the unprecedented crisis faced by businesses across the country. It explores the economic implications, including the risk of 7.6 million jobs, and analyzes the effects of the lockdown on various sectors. The report uses secondary data to interpret the changes in revenue, the impact on the UK economy, and the percentage of employees furloughed. Statistical measures, such as mean and standard deviation, are used to assess the financial crisis and unemployment rates. The analysis indicates a significant decline in GDP and the challenges faced by businesses in adapting to the new economic landscape. The report concludes that the lockdown has severely affected businesses and their employees, necessitating effective strategies for financial recovery and growth, with online business models emerging as a key adaptation.

Individual Project

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
DATA INTERPRETATION...........................................................................................................3
Business impact during lockdown in UK....................................................................................3
Interpretation of data....................................................................................................................4
INFORMATION ANALYSIS.........................................................................................................4
Descriptive statistical measures...................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
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. Along with this could
be major impacts of Covid-19 and keeping survey platform gave that could be flexibility to move
with some rapid pace in which the economy that have been shifted. This could also wants to
understand more about effects crisis on the labour market. While due to having lockdown many
of the unemployment crisis that have been faced and that must be focus point for the
governments. 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. While this report will also examine about data interpretation, information analysis
through using some method and correlation and regression with some effective manner.
MAIN BODY
DATA INTERPRETATION
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.
Figure 1 The percentage of firms reporting change in revenue from UK customer

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.
Interpretation of data
Figure 2 The impact of corona virus on the UK economy
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.
INFORMATION ANALYSIS
Descriptive statistical measures
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.

Figure 3 the percentage of employees furloughed by firms
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
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.
The financial times predicted that UK economy would take their grow and keeping their
estimation about how usually those people who can work for them. While in 2020, 1.4% of the
growth that have been taken and furthermore, (the economy contracted that can be 9.8% in
2020). This have been said that, the link between money and economic that have been heavily

depends on the definition of money. While covid-19 being affected high this also destroy many of
the employee with their working system and make sure for having their high estimation about
how usually they have to work. Apart from this, as business sector have their set up their
business through using online websites through which they can make their direct link with their
customer.
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. This must be also important for knowing about percentage and
unemployment rate through which the UK government that could come to know about how they
have to manage their business. Moreover, UK economy that have been effected more through
having twice lockdown and in present time, many of the business that have taken again huge
place through which they can easily make their growth and developments.

REFERENCES
Books and journals
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.
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