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UK GDP is expected to contract by 11% in 2020Business investment will drop by 14%Export levels expected to drop by 19% as Covid-19 and Brexit create double-threat to international trade
Reliance on EU market for exports means trade deal vital for region
Retail sales record best result since February despite another sharp fallLow consumer confidence means road to recovery remains uncertain, cautions BDO Head of UK Retail, as June marks five consecutive months of negative sales
Reputational issues top the list of risks to businesses 70% of businesses have experienced an event that has threatened its reputationOne in three (35%) of businesses believe they have a reactive approach to reputational risk, rather than proactive.
Mid-sized businesses under pressure with three quarters (75%) of companies having less than six months of cash reserves
Immediate stimulus package for manufacturers should lead measures to boost investment and save jobs.