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The Institute for Public Policy Research (IPPR) is urging Chancellor Rishi Sunak to announce his plans for public support schemes soon to give businesses enough time to plan ahead.
Nearly 600,000 companies at risk of collapse as Government help ends
Half of all firms in hospitality, food and other services are in the same position, as are 40% of those in the arts, entertainment and recreation sector
Updated
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More than half a million firms at risk of failure amid cash crisis, report warns 10/02/2021, 12:08 am
Nearly 600,000 UK firms are at risk of collapsing due to a cash crisis if the Government does not extend support measures, putting up to nine million jobs under threat, a think tank has warned (PA)
Nearly 600,000 UK firms are at risk of collapsing due to a cash crisis if the Government does not extend support measures, putting up to nine million jobs under threat, a think tank has warned.
Research by the Institute for Public Policy Research (IPPR) revealed that one in three businesses had less than three months of cash reserves – considered the danger point for firms – in the four months to the end of January.