should not be thinking about lockdown is at this stage. we should be imposing all these measures that have spoken about now. once we implement have spoken about now. once we implement those measures, we should not need implement those measures, we should not need locked in. if someone test positive, not need locked in. if someone test positive, they isolate, everyone else as positive, they isolate, everyone else as long as they tess regular can carry else as long as they tess regular can carry on with work, carry on going can carry on with work, carry on going to can carry on with work, carry on going to school and university is as the test going to school and university is as the test regularly. going to school and university is as the test regularly. what impact made a ramin: the test regularly. what impact made a ramping op the test regularly. what impact made a ramping up of the test regularly. what impact made a ramping up of predictions the test regularly. w
then see more and more - ban is lifted in march so we could i then see more and more companies fiiing then see more and more companies fiiing for then see more and more companies filing for insolvency then see more and more companies filing for insolvency because - then see more and more companies filing for insolvency because many l filing for insolvency because many small filing for insolvency because many small businesses, filing for insolvency because many small businesses, and filing for insolvency because many small businesses, and larger- small businesses, and larger businesses small businesses, and larger businesses even, small businesses, and larger businesses even, now- small businesses, and larger businesses even, now owe . small businesses, and larger- businesses even, now owe debts to their landlords, businesses even, now owe debts to their landlords, to businesses even, now owe debts to their landlords, to hmrc, - businesses even, now owe debts to their la
start of the year, businesses thought as soon as look on l thought as soon as look on restrictions thought as soon as look on restrictions eased, - thought as soon as look on restrictions eased, we - thought as soon as look on i restrictions eased, we would thought as soon as look on - restrictions eased, we would be back up restrictions eased, we would be back up and restrictions eased, we would be back up and running. restrictions eased, we would be back up and running, but restrictions eased, we would be back up and running, but we restrictions eased, we would be back up and running, but we are restrictions eased, we would be back up and running, but we are facing - restrictions eased, we would be back up and running, but we are facing an| up and running, but we are facing an environment up and running, but we are facing an environment now up and running, but we are facing an environment now with up and running, but we are facing an environment now with yes, - up and
hospitality businesses. let s not forget this is notjust happening at any point in the year, it is happening in our golden quarter, the time and hospitality should be earning 40% of its normal profits between halloween and new year s eve in order to get through the quieter trading periods, january, they become a match. this will be taking me trade at the most valuable time of the year and there is no doubt that many businesses simply would not be able to survive with depleted balance sheets, no cash reserves, and high levels of debt if we went back into restrictions. if we went back into restrictions, the economic hit would be severe. thank you for that. you re watching a bbc news special, looking at the long term effects of the pandemic on business. and one thing is for sure, coronavirus has triggered seismic shifts in how we work, causing many companies to transition from an office centric culture to more flexible ways of working. in a recent survey for bbc news, 70% of over 1600
knock-on impact throughout the econom. ., ., ., economy. lord bilimoria, where headin: economy. lord bilimoria, where heading into economy. lord bilimoria, where heading into winter, economy. lord bilimoria, where heading into winter, there - economy. lord bilimoria, where heading into winter, there is - economy. lord bilimoria, where| heading into winter, there is talk of increased restrictions, how do you feel when hear me mention of those restrictions potentially being ramped up? this those restrictions potentially being ram ed u - ? , , ramped up? this is the time when the government ramped up? this is the time when the government has ramped up? this is the time when the government has really ramped up? this is the time when the government has really got ramped up? this is the time when the government has really got to - ramped up? this is the time when the government has really got to hold - government has really got to hold the course. yes, debt to gdp has gone th