The emerging gap between firms doing well and those threatened by Covid

Majority of firms intend to keep wages at their current levels

A number of businesses reported having to decrease working hours, pause or cancel recruitment and let staff go temporarily.

There is an emerging gap between small businesses doing well and those facing significant threats due to Covid-19 the Small Firms Association (SFA) said.

More than one third (35%) of SFA members said they feel that the business environment is improving with 33% of members reporting a weakening, according to the latest ‘Small Business Sentiment Survey’.