Two-thirds of British companies are “fully operational” after Coved 19

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On Sunday, a survey showed that two-thirds of British companies say they have become “fully operational” after the massive shutdown imposed by the Corona virus, up from half in June.
Another 21% of the companies surveyed by the Confederation of British Industry said in the first half of July that they were operating partially, with some headquarters still closed.
Albish Palega, economist at the union, said: One of the largest groups representing corporate interests in Britain: “In light of the gradual reopening of companies, this month’s data appears to indicate a turning point for the economy,” but added that many companies, especially in the sectors of direct dealing with consumers, are still suffering. Severe financial crisis.
Britain has been gradually lifting the overall closure since May, the most recent major move on July 4, when hotels, bars and restaurants were allowed to reopen.
However, Prime Minister Boris Johnson said he would postpone the further easing of measures that would have been helpful to some arts and entertainment venues, due to an increase in injuries.
The companies said on average that they operate at 85% of the usual energy due to social divergence, compared to 72% when it was a stricter rule, imposing a generally two-meter distance between individuals.
The Federation of Industries said that weak consumer demand remains the most common challenge facing companies to resume activities as normal. More than two-thirds of the companies said it was preventing normal operations, a slight drop from three quarters in June.
The Bank of England will announce its new quarterly forecasts on Thursday, as economic sectors recover from varying rates of unprecedented damage.
Whether the main obstacle to growth is weak consumer demand, or difficulties companies face in meeting it, it will be a major factor when the central bank decides on economic stimulus measures later this year. (Reuters)

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