Coronavirus: the companies that profited during a pandemic
iCrowd Newswire
No one s been a winner during the coronavirus pandemic.
In a year when millions of lives were lost, a huge portion of the population were trapped in their houses, the elderly were effectively imprisoned in care homes, economies crashed, the job market slumped, and even those who profited in 2020 would rather the pandemic hadn t happened.
Yet, even amidst the chaos of covid, it s undeniably that some businesses have weathered the storm better than others.
Certain sectors of the economy and SMEs with a strong online presence found their profit margins unaffected by 2020 s harrowing events, while others saw their fortunes soar.
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Restaurant surveyed 125 operators.
When broken down, just over half (54%) predict summer trade will be ‘good’, 12% said ‘exceptional’ while just over a quarter (26%) said they thought the summer would be ‘average’ and 8% said ‘poor’.
Meanwhile, the survey also asked how forward bookings had changed since the Prime Minister Boris Johnson announced indoor trade could recommence from Monday 17 May.
Government plan scrapped
Results were mixed with 34% not noticing any difference, 31% saw a slight uptick from before, 24% saw a significant increase from before, while 7% hadn’t reopened and 4% didn’t know.
The survey also quizzed respondents on their thoughts about the Government scrapping plans to mandate calorie labelling on alcoholic drinks served on site.
In addition to the £219.9million, £96.1 million is being allocated to meet costs associated with the business support schemes (an increase on the £80.9 million held centrally included within Budget 2021-2022).
Announcing the allocations, Minister Murphy said, “Although the COVID 19 restrictions are easing, the impact of COVID on society remains profound.
“The £220 million I am allocating will support the social recovery from Covid.
“I’m providing nearly £60 million to support the health service.
“The pandemic has had a significant impact on mental wellbeing.
“And I have provided funding for a number of mental health interventions.
“I’m also conscious that many people are experiencing long-term impacts from Covid.