June 28th, 2022.
ONS figures analysed by the London School of Economics (LSE) reveal that only 5.7 per cent of companies (that’s one in 17) were at risk of failure compared with 15 per cent (one in seven) at the beginning of 2021. This is largely down to improvements in the outlook of companies with fewer than 50 employees.It also found that the risk of closure among companies with fewer than ten employees dropped from 15 per cent at the start of the survey early last year to below five per cent in October and then rose to seven per cent at the beginning of 2022. This is thanks to the vaccine rollout, the easing of lockdown restrictions and a decline in Covid deaths.
To study business risk, researchers focus on the BICS (Business Impact of Covid-19 Survey) question generally collected every two weeks, which asks...
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