Two thirds of UK firms 'fully operational' after COVID, survey says - News Tags

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Sunday, August 02, 2020

Two thirds of UK firms 'fully operational' after COVID, survey says

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LONDON Two-thirds of British companies say they are now "fully operational" after the coronavirus shutdown, compared to half in June, according to a survey on Sunday.

Another 21% of companies, surveyed in the first half of July by the Confederation of British Industry (CBI), said they were partly operational with some facilities still closed.

"With the gradual reopening of companies, this month's data seems to indicate a turning point for the economy," said Alpesh Paleja, an economist at CBI, one of Britain's leading business lobby groups.

But many companies, especially those in the consumer-oriented sectors, remained in "acute financial difficulties," he added.

Britain's shutdown has been slowly lifted since May, with the last major change on July 4 when hotels, pubs and restaurants were allowed to reopen.

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