Two fifths of small business owners think recovery will take five years

Jessica Bird

June 15, 2020

UK property market recovery

Almost two fifths (39%) of small business owners believe it will take at least five years for the UK economy to fully recover from the impact of lockdown and COVID-19, according to a poll by the #ForgottenLtd campaign.

The #ForgottenLtd campaign aims to raise awareness of the lack of meaningful government support for small business owners.

Only 15% believe the economy will fully recover by the end of 2021, while 28% said a full recovery will take up to three years.

18% believe it will take up to five years for the economy to bounce back.

Gina Broadhurst, co-founder of the #ForgottenLtd Campaign, said: “The results of this snap poll send out an unequivocal message to the government, namely that the small business community believes it will be a very long time before the UK economy bounces back.

“The small businesses we polled are unanimous that a full economic recovery will take years not months.

“But it’s these very same businesses that so many people depend on for their jobs, big companies for their supplies, and customers for their products and services.

“We are all linked so if small businesses are in trouble, we are all in trouble. But it’s not too late to save them.

“We call on the government to reconsider its unfair position on limited companies before it’s too late.”

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