Summary of business conditions 2020 - Q1

26th March 2020

The Bank of England issued their Agent Summary of the UK's business conditions for the first quarter of 2020 this week.  

It is no surprise to read that the Covid-19 pandemic is causing a rapid decline in business activity, falling revenues have resulted in cashflow difficulties for many and many businesses have responded by closing temporarily or reduced working hours to save costs.  

The Summary can be read here in full.  If you have any questions or wish to discuss any element of this report and how its findings may impact upon your affairs please contact us on 020 7330 0000.