People mostly affected were unemployed or furloughed, according to the Resolution Foundation think tank, who are calling for the furlough scheme to be extended for several months after the ease of lockdown.
We may be looking at the green shoots of recovery, but the impact on unemployment is huge and the effects will be felt for a long time to come.
The Government have promised to continue to protect and create jobs and will announce how at the budget on 3 March, however thee IFS have warned that many companies will fail after Government support is withdrawn.
If you have been affected by the pandemic and need some advice, just call Stella and she will make you a free appointment with one of our insolvency professionals. We have offices in Driffield, Grimsby, Hull, Scunthorpe and York, we can also meet virtually.
If you need advice on any of the insolvency procedures please do not hesitate to give us a call.