UK firms fear twin force of Covid plus Brexit will force them under
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More than 250,000 small businesses expect to fail in 2021 as state support ‘dwindles’.
By Rob Davies
Small businesses and manufacturers are bracing themselves for a fight for survival this year, according to fresh survey data, as they negotiate the twin threats of Covid-19 and weaker post-Brexit trade with the EU.
More than 250,000 small firms expect to fold without further government financial support, according to a quarterly poll by the Federation of Small Businesses (FSB).
Manufacturers’ trade body Make UK said its members expected lower investment in the UK and to have a harder time recruiting talent.
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