One in three SMEs forced to close due to Covid-19

Research by carried out in the UK's small business sector has revealed that 35% of small-to-medium enterprises (SMEs) said they had closed their business as a result of the Covid-19 crisis. According to the Small Business Monitor from WorkLife - a new employee benefits service from OpenMoney - while 18% said they were planning to reopen, 17% said they were unsure when they would be able to get back to work. The research found that the retail and hospitality sectors were worst hit, with 24% saying that they did not know when they would be up and running again. Almost three quarters ...