No V shaped recovery. In UK, there will massive fallout in the hospitality sector - restaurants of all grades, pubs, cafes, theatres and cinemas, football clubs, hotels and conferencing. Plus shops in any area where offices remain empty, office suppliers, security / catering / cleaners. Manufacturing will pick up quickly, provided demand is there for the product, but any business dependent on import / export has another big problem on its way once we crash out of the EU. Add to that the problems for commercial landlords with rents not being paid, councils who have lost parking revenues (and face fall in business rate receipts). It adds up to one heck of a lot. | |