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MemberJuly 29, 2020 at 4:54 pm
I agree, I think too many businesses aren’t planning far enough ahead.
The grant was generous, and was meant to help keep businesses open, some have gone and splashed the cash, but if there’s a 2nd wave, another lockdown, cash in the bank is valuable.
Same with furlough, once businesses need to be self sufficient, we may see widespread redundancies and companies closing.
All this, then all the bounce back loans due to be repaid.
I feel abundance of cash is generating a false security.
Keeping our head down, and do what’s best for us. Those who make it out the other side will have done well.
I’m surprised by the number of redundancies I’ve seen from large companies, they’re dramaticaly cutting costs.