With the Government set to release the latest plans to take the UK’s remaining closed industries out of inactivity back into business within the next month, many businesses such as pubs, hairdressers and other services deemed ‘non-essential’ will finally be able to allow staff back to work, easing the burden on the CJRS furlough scheme, under which one-quarter of the workforce is currently inactive.
However, the latest data from analytics firm Oxford Economics has found that regardless of plans to reopen, many industries in creative fields are set to be hit twice as hard economically by the fallout from COVID-19 – risking what the company calls a ‘cultural catastrophe’.
Access all our great content with a FREE myGrapevine account
- Personalise your topic feed
- Free access to premium content
- One-click registration for webinars and downloads
- Save your favourites
- Exclusive offers
* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.
If you find yourself asked to register again, please make sure that your browser cookie is enabled.
We would like you to become part of Executive Grapevine and join one of the fastest growing and engaged online communities of Business Leaders and Entrepreneurs in the UK. Thousands of our readers, people just like you, have already registered with Executive Grapevine and we would like you to join in - its FREE!
However, an EU regulation coming our way means that to continue hearing from us, you will need to become a registered user. No matter the outcome of BREXIT, this regulation will apply to us while we remain in the UK and perhaps beyond.
Access across the Executive Grapevine site will continue to be free of charge once you register.
Every reader we retain, is very important to us, and we would appreciate you taking the time to Register with us now.