Under-discussed in the coronavirus bigger picture is the fact that so many huge events have been cancelled in the UK & further afield. Not just current ones, but months or even half a year or more in the future.
All that will have an economic cost, even if impact's not felt yet.
All that will have an economic cost, even if impact's not felt yet.
In other words, many companies may struggle but survive for the next few weeks or months, but that *essential* event (at which they make much of their real money for the year) won't happen this time around and so they'll get into difficulty at that point.
But that could happen even *after* we get out of the worst restrictions imposed by the fight against the virus.
Say for sake of argument the lockdown is lifted in July. Government help might cease shortly after. But firms could still be nobbled by missing events later in 2020.
Say for sake of argument the lockdown is lifted in July. Government help might cease shortly after. But firms could still be nobbled by missing events later in 2020.
