Two-thirds of British companies are fully operational after the gradual opening

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Britain to gradually increase overall closure since May (Getty)

Sunday survey showed that two-thirds British companies It says it has become “fully functional” yet Universal closure That was imposed because of Corona Virus, Up from half in June.

Another 21 percent of the companies said, in a survey conducted by the Confederation of British Industry in the first half of July, that it was operating in part, with the continued closure of some headquarters.

“In light of the gradual reopening of companies, this month’s data appears to be a turning point for the economy,” said Albish Palega, economist at Etihad, one of the largest groups representing corporate interests in Britain.

But he added that many companies, especially in the sectors of direct dealing with consumers, are still experiencing an “acute 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 further easing of procedures, which would have been helpful to some arts and entertainment venues, due to an increase in injuries.

The companies said on average that they were operating at 85 percent of the usual energy due to social divergence, compared to 72 percent when a stricter rule imposing a generally two-meter distance between individuals was in effect.

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, down slightly from three quarters in June.

The Bank of England will announce its new quarterly forecasts on Thursday, at a time when economic sectors are recovering at varying rates of unprecedented economic damage.

Whether the main impediment to growth is weak consumer demand or the 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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