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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.


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