The top 10 risks facing UK businesses in 2021 has just been published by Aviva.
The in-depth report shows increased concern in respect of the UK economy. With 44% of all businesses having obtained financial support during the Pandemic, the end of Furlough and increased energy prices it estimates 21% are struggling financially with expectations circa 8% are likely to close.
The shortage of skilled labour has had extensive media coverage of late also features highly for Professional services as well as the Tech and Construction sectors.
While the financial impact of the pandemic dominates this report, Public health events have dropped from 1st in 2020 to 5th in 2021. Brexit didn’t feature in 2020 but the impact of this is now being felt particularly in the retail, manufacturing and construction segments.
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