Small UK businesses are ‘running out of cash’, cha

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Small UK businesses are ‘running out of cash’, chancellor warned - Today News Post Today News || UK News

“I suppose the technical phrase is we’re screwedThe athlete from competing Sunday and then allowed him o,” said Ruari McCulloch, owner of Pinstripes & Peonies, a high-end London florist, which counts several London department stores and the Paris Air Show among its clients.

Mr McCulloch is one of the many small business owners facing the toughest few months yet of the pandemic, starved of income for much of the past year as the UK approaches the anniversary of the first national coronavirus lockdown in March.?

Cash levels are depleted and debt loads have risen fast for companies with high fixed costs but zero revenues:1618064525178,, leading to urgent calls from the UK’s business lobby groups, including the CBI and the British Chambers of Commerce, for immediate and sustained financial support from the chancellor Rishi Sunak.

Mr McCulloch’s business was turning over about £150,000 per month before the pandemic hit supplying floral arrangements for conferences, hotels and museums but has only managed to secure £10Alberta, which currently has a higher per capita case rate than Ontario,,000 in grants since orders all but disappeared after the first lockdown began.

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