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Sputnik International
Millions more people could face Tier 4 restrictions - what experts are saying
As the new Covid-19 strain spreads rapidly, experts give an insight into how Tier 4 restrictions will impact on key areas like the economy, education and health
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Published:
3:35 PM December 18, 2020
Research by Prof Marc Cowling and Prof Ross Brown analyses the economic impact of the COVID-19 lockdown on Stevenage.
- Credit: Archant
New research published by leading business academics predicts more than 250 Stevenage businesses going bust due to the coronavirus lockdown, with an estimated 2,372 workers affected.
The findings were published by Professor Marc Cowling, of the University of Derby s College of Business, Law and Social Sciences, and Professor Ross Brown of St Andrews, who were studying the financial implications of the COVID-19 lockdown on the 100 largest cities and towns in the United Kingdom.
Their work, which ranks the percentage of job losses in a town or city s total workforce, indicates 268 businesses in Stevenage are at immediate risk of failing as they could go bust.
Slough - where more than 500 businesses are on the brink Shocking new research has revealed that more than 500 businesses in Slough are at immediate risk of collapse. The research by Professor Marc Cowling, University of Derby, and Professor Ross Brown, University of St. Andrews, into the impact of the Covid-19 lockdown on the 100 largest cities and towns in the UK makes harrowing viewing. It concludes that 542 businesses in Slough are at immediate risk of failing as they run out of cash. This scale of business failures in Slough would put 5,371 workers into unemployment with little chance of finding a new job.