Latest results of the ONS’s ongoing series on the impact of Coronavirus on the UK economy

The results of the latest results of the ONS’s ongoing series on the impact of Coronavirus on the UK economy. The key tourism-related findings in this publication is that:

• 61% of accommodation and food businesses say that profits have decreased while just 7% report that it has increased. This compares with the average of 43% of all businesses recording a decrease and is the highest of any sector surveyed.
• 34% of accommodation and food businesses say they have less than 3 months reserves, and a further 6% state that they have no reserves at all compared to 24% and 4% for UK businesses as a whole.
• 25% of accommodation and food businesses are not confident that they will survive the next three months

 
https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/coronavirusandtheeconomicimpactsontheuk/8october2020