UK firms are beginning to feel more optimistic about the outlook as coronavirus lockdown restrictions ease but increasing numbers of companies are at high risk of going bust in the fall-out from the crisis, according to a report.
The latest business distress tracker from Opinium and economics consultancy CEBR (the Centre for Economics and Business Research) found more businesses have a positive outlook for the next year than those with a negative view for the first time in a sign of hope for Britain’s battered economy.
Half of manufacturers and construction firms surveyed said they believe current trading conditions are good thanks to restrictions being lifted in those sectors first.
With lockdown still in place for many retailers and services firms, just 28% of those in that sector said trading conditions were good.
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