The COVID-19 pandemic and its resulting shutdown of the economy has caught many UK businesses unprepared. A survey done by the UK Office of National Statistics (ONS) showed that 44% of businesses do not have enough cash reserves for the next six months, while another survey done by the British Chamber of Commerce reports that up to 71% of businesses have furloughed staff.
If you manage a business, you’re probably in the difficult situation of trying to keep your cash