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Covid-19 and the Impact on Small Business

You are here: Home / Covid-19 / Covid-19 and the Impact on Small Business

September 17, 2020 By intyahmed

At peak of the Covid-19 lockdown, small business revenues fell by 27% in the United Kingdom.

Four key themes have emerged so far:

  1. The trading and border restrictions, needed to tackle the health crisis, had a significant impact on small business.
  2. Once restrictions were eased small business started to show signs of recovery.
  3. Government support cushioned the downturn and is aiding the recovery.
  4. With the right tools some businesses have been able to adapt to new trading environments.
sbi-pandemic-insightsDownload

Research report was published by Xero.

Filed Under: Covid-19

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