Cash troubles put small firms at risk
Labour Party analysis suggests an estimated 390,000 small businesses are worried they will not survive the next three months. The report says around 1m small businesses do not have cash reserves to last beyond three months, with more than 520,000 small firms having seen turnover fall by more than half amid the pandemic, even before the recent England-wide lockdown. This is an especial work for motorsport businesses who have seen motorsport venues closed for extended periods.