The recent decision by England and Scotland to enter a new lockdown in response to the new strain of the coronavirus has sent shockwaves through the country. As of midnight on Monday night, both nations have implemented strict measures to combat the spread of the virus, with Wales and Northern Ireland following suit. The closure of non-essential stores across the UK has left many businesses reeling, especially those already struggling financially.
The impact of these lockdown measures on retailers cannot be overstated. With many companies already on the brink of collapse, the extended closure of stores could be the final nail in the coffin for some. Concerns about survival have been expressed by numerous businesses in recent filings, highlighting the urgent need for financial support to weather the storm.
According to the British Retail Consortium, businesses in the UK stand to lose around £2 billion in sales each week as a result of the closures. In Scotland, the picture is equally bleak, with non-essential stores facing potential losses of approximately £135 million per week. The Director of the Scottish Retail Consortium, David Lonsdale, has called on the government to step in and provide assistance to struggling retailers during this challenging time.
The key question on everyone’s mind now is how long this lockdown will last. Prime Minister Boris Johnson has indicated that a review will take place in mid-February, with hopes that the vaccination plan will have immunized the most vulnerable groups by then. This would alleviate the strain on hospitals and protect those most at risk of severe Covid-related illness.
In summary, the return to lockdown in England and Scotland has far-reaching consequences for businesses and individuals alike. As the situation unfolds, it is imperative for governments to offer support and guidance to ensure the survival of the economy and the well-being of the population.
For more information on the impact of Covid-19 on businesses in the UK, visit gov.uk.
To stay updated on the latest developments regarding the lockdown in England and Scotland, visit BBC News.
