This week Nick and Jo talk about business resilience in light of the latest insolvency statistics. UK hospitality turnover fell £72bn in 2020, a huge blow for the sector, and 1 in 12 small businesses in the UK are unsure whether they will survive past the pandemic... The Bank of England conducted a credit survey, uncovering a rise in corporate credit demand amongst large businesses whilst demand appears to be falling in smaller firms. Also discussed are the most recent employment/ furlough figures and the continued fallout from Brexit.
