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MNI BRIEF: UK Recovery Ongoing As Re-openings Pick Up​

LONDON (MNI)
The percentage of businesses currently trading in the UK increased to 87% in the Office for National Statistic's latest survey period, the highest proportion since comparable estimates began in June 2020. A further 3% of businesses expect to restart trading in the next two weeks, the survey found. The percentage of businesses currently operational in the accommodation and food service sector rose from 61% to 83% during May, helped by a further relaxation of coronavirus regulations and the re-opening of indoor dining.
This has helped with employment levels and the proportion of businesses' workforce currently on furlough fell to 8% in mid-May. This is comparable with the lowest recorded proportion since the furlough scheme began, seen in October 2020 ahead of the November lockdown.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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