ONS: A quarter of businesses say turnover has halved

Jessica Bird

April 30, 2020

Almost a quarter (24%) of businesses that were continuing to trade between 6 and 19 April 2020 reported their turnover had fallen by more than half, according to a fortnightly survey by the Office for National Statistics (ONS).

Overall, 57% of businesses still trading during this period had seen their turnover fall beyond its normal range, with almost all citing COVID-19 as a contributing factor.

Two-thirds (66%) of respondents said they had applied for the Coronavirus Job Retention Scheme in its first week of opening; 56% had applied to defer VAT payments.

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