Covid-19 has had an unprecedented impact o all our loves at this time as we are able to leave home and continue to be distanced from loved ones. However, as the UK and other parts of the world begin to work through the peak of the virus, many are wondering how long it will be until we can all begin returning to work. In this article, we will be looking into the impact of Covid-19 and how it has continued to affect businesses over this time.
The Impact Of Covid-19 On The Economy
At this unprecedented time the world has seen restrictions on like never before. With over a quarter of the world's population in some form of lockdown measure, the worlds economies have taken a huge hit as a result. With shopping centres closed, small businesses and restaurants closed there are 44% of people working from home at this time. This is a huge hit for the economy at a time where a number of high street shops are already struggling to remain open.
The Help From The UK Government
As the government has continued to tackle the health impacts of the virus, they have also worked tirelessly to monitor the economic impact that the virus is having. As a result, they have implemented a number of financial schemes for the self-employed, small and medium businesses as well as financial aid for charities. This is a huge financial bailout from the government at this time and has meant that schemes such as the Furlough scheme have prevented the unemployment rate rising. This is also a significant turning point for the conservative government that had been heavily criticised for bailing out the banks during the last financial crisis.
The Importance Of Marketing At This Time
Though it may not seem like a wise choice for many to market their business during this unprecedented time, this is one of the best things for a growing business. Though revenue may be slow to come in at this time continuing SEO services will help you to compete with the larger companies when the economy opens up again. Whether this is through a content marketing campaign or a change in keyword targeting, this s being used to help businesses thrive when measures begin to be lifted.
The Beginning Of Phase 2
This tactic is one that is being used by a number of businesses at this time as the government begins to move the UK into phase 2 of the lockdown measures. Though this is only in the early stages of implementation at this time, this is promising for a number of sectors that are hoping to re-open in the near future. Though this is a gradual relaxing of the lockdown rules, this is set to see some businesses such as manufacturing and construction begin to open up and the economy begin to return to normal.
With this in mind, there are a number of ways that businesses are dealing with the current financial crisis and as lockdown slowly begins to ease, we could see businesses returning to a new normal with social distancing in place in the near future.