Chris Williamson, chief business economist at IHS Markit, said: A steep slump in business activity in January puts the locked-down UK economy on course to contract sharply in the first quarter of 2021, meaning a double-dip recession is on the cards. Services have once again been especially hard hit, but manufacturing has seen growth almost stall, blamed on a cocktail of COVID-19 and Brexit, which has led to increasingly widespread supply delays, rising costs and falling exports.
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As predicted by 1 million SME, few months ago.. 👇👇
Wait, so closing shops for months on end hits bottom lines? Who knew? I’m surprised it’s not more but then big tech monopolists’ sales are are included.