It is not startling that the official government statistics
relating to the Gross Domestic Product (GDP) record the most
significant slump for a considerable time. It should be remembered
that the quarterly statistics are actually provisional. Also, the
Bank of England has consistently taken a more optimistic view, as
reported in the
Financial Times,it is sticking to the belief that there will be
a relatively speedy recovery at first followed by a slow but steady
return to pre-coronavirus levels. Given the crippling effects of
the coronavirus pandemic lockdown the situation could be
considerably worse.
This is not the moment for businesses to panic. Whilst nobody
would pretend the country is in good economic shape, however, it is
not all bad news. Not all businesses are shedding staff and those
businesses that are quick to see opportunities, and there are
opportunities, will be the winners. The move to online shopping has
provoked Tesco to announce the creation of
