Friday, 08 May 2020 08:59 AM MYT
The spread of the novel coronavirus — and lockdown measures introduced to contain it — has ravaged the British economy, with Britons told to stay indoors and many non-essential businesses told to close. The Bank of England said yesterday it could cause the biggest economic slump in over 300 years. KPMG head of restructuring Blair Nimmo said that the measures had prevented a deluge of companies entering administration but cautioned that the route out of the crisis was uncertain and that, for some, insolvencies might have been merely delayed.
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