However, the UK is fighting back, with a raft of unprecedented government measures, not only to bring down infection rates, but also to alleviate the impact of the economic slowdown. As well as promises to protect 80% of many workers’ salaries, The Bank of England has made emergency cuts to its base rate and the latest UK budget includes £30 billon of COVID-19 spending.
In this paper, we’ll explore some of the key trends emerging from the crisis – including its impact on consumers and credit – and help you navigate what strategies should be prioritized, or amended in order to better protect your business, and consumers.