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One in 10 businesses fear they face going bust during coronavirus pandemic

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manchestereveningnews.co.uk
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One in 10 British businesses believe they face a "high risk" of going bust due to the coronavirus pandemic, according to a survey.

Around half of businesses questioned said they also believe there is a "small risk" they will become insolvent as vast swathes of the economy remain closed during lockdown.

The Opinium-Cebr Business Distress Tracker said the data from 500 firms equates to more than half a million businesses which could be pushed under by the lockdown.

A further 250,000 businesses said they would not be able to survive if trading conditions remain as they are for another month and another 1.1 million said they would go bust in three months under current circumstances.

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