View all newsletters
Sign up to our newsletters

Support 110 years of independent journalism.

  1. Science & Tech
  2. Coronavirus
7 May 2020updated 06 Oct 2020 9:45am

Nearly a quarter of businesses remaining open have seen their turnovers halve

By Samuel Horti

Nearly a quarter of surviving UK businesses have seen their turnover drop by a half or more because of the coronavirus lockdown.

Across all industries, 23.4 per cent of firms that have remained open reported a drop in turnover of 50 per cent or more, while one in five said their turnover had dropped by between 20 and 50 per cent. 13.7 per cent saying it had dropped by between 0 and 20 per cent.

The figures, from a business impact survey conducted by the Office for National Statistics, do not include businesses that have permanently or temporarily closed as a result of the virus. According to the latest figures, 22.8 per cent of companies across all industries have temporarily ceased trading. That is down slightly on the figure of 24.3 per cent recorded a fortnight ago.

Hotels and restaurants, arts businesses and construction firms remaining open have reported the hardest hits. 57 per cent of businesses in accommodation and food services said their turnover halved, or worse, in the two weeks to 19 April. The same was true of 50.9 per cent of businesses in arts, entertainment and recreation and 45.4 per cent of construction firms.

Content from our partners
Unlocking the potential of a national asset, St Pancras International
Time for Labour to turn the tide on children’s health
How can we deliver better rail journeys for customers?

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via Our Thursday ideas newsletter, delving into philosophy, criticism, and intellectual history. The best way to sign up for The Salvo is via Stay up to date with NS events, subscription offers & updates. Weekly analysis of the shift to a new economy from the New Statesman's Spotlight on Policy team. The best way to sign up for The Green Transition is via
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.