This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

UK economy continues to recover as more businesses reopen

11 September 2020

Official figures showed the UK economy grew by 6.6% in July as companies continued to reopen facilities, many of which had been closed since March.

These figures follow previous encouraging results recorded in June and May, as the UK began to ease lockdown restrictions and allow businesses to reopen their premises.

The July figures were less than those recorded in June and indicate that results for August would follow the trend, although increased numbers of people holidaying in the UK, rather than overseas destinations, may have a positive impact.

However, with educational facilities now reopen, opinion has been widely expressed that this will provide further encouragement for workers to return to their offices and generate more positive growth in September.

The UK economy was 11.7% smaller at the end of July than in February, before the lockdown began.

This figure is likely to have reduced further and encouraging reports are continuing to emerge of increased opportunities for new business, although immediate concerns are for the growing levels of unemployment emerging.

One of the most encouraging reports for the FM sector has been that from MTW Research, which described the impact of Covid-19, Brexit and other issues as 'short-term', with strong revenue growth predicted for the years ahead up to 2024.

Print this page | E-mail this page


View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

Reducing the risk of infection in facilities

With increasingly more demanding measures emerging to prevent the spread of the Covid-19 virus and limit the movement of people in all areas of the UK, PFM...
Article image

Derwent Living launches new FM company

Former MD of Operon, Martin Corbett, has joined forces with housing provider Derwent Living, to form a new FM company, Derwent FM....
Article image

Applications open for Young FM Award

Entries are being invited to the Pattenmakers Young Facilities Manager Award for the 2021 trophy....
Article image

Issues of back flushing PIC valves explained

The popularity of Pressure Independent Control (PIC) valves over the last few years has significantly increased and now are the popular choice of many syst...