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Summary:
The latest report from Tussell highlights that whilst the UK economy is set to shrink, suppliers to government are fairly well protected from the COVID-19 crisis.
(Image by PublicDomainPictures from Pixabay )
Suppliers to the public sector experienced a boon in spending during 2020, as a result of the government s response to the COVID-19 pandemic. However, non-pandemic related contracts did fall significantly in value compared to 2019.
The latest spend data from Tussell, which provides market data on what the government is purchasing, highlights that whilst it is often challenging, being a supplier to the public sector during a crisis can have its benefits.