Thread by @simplybusiness

It's been two years since the first national lockdown – Simply Business reveals the mounting cost of Covid-19 to #smallbusiness owners and the #selfemployed.

#lockdown

bit.ly/3IAbjIm

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1 in 6 say they’ll never financially recover from the pandemic with a further 1 in 5 saying that they don't expect to return to pre-pandemic trading levels.

#lockdown

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Small businesses are facing a unique set of challenges with rising costs and loss of customers being amongst the biggest ones.

38% of small business owners are concerned about another lockdown and tighter restrictions.

#lockdown

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The pandemic also saw people starting new businesses across the country. Over one third of people in the UK now run their own side hustle – and more than half of these were started during the pandemic

#lockdown

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Alan Thomas, UK CEO @simplybusiness , says “From local bakeries and greengrocers to contractors and tradespeople, if the UK is to recover from the effects of the pandemic, we need small businesses to bounce back.”

#lockdown

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