Wednesday 10 February 2021

Building back business

With revenues down and debt up are firms ready to power the recovery?

The Covid-19 pandemic continues to take its toll on Britain, but the roll-out of vaccines offers hope. The economy is expected to recover this year – but the strength of that recovery will depend on how our firms, and jobs and housing markets, respond in the months ahead. Decisions made at the upcoming Budget will help shape Britain’s recovery.

To mark and inform this critical period, the Resolution Foundation is publishing a series of Recovery Plan papers and interactive webinars. We’re starting with a focus on firms, with an event with new CBI Director-General Tony Danker.

What is the state of firms’ finances as we head towards a gradual economic reopening? What challenges will businesses face as they restart in the ‘new normal’? How will the expiration of support schemes this Spring affect their ability to recovery? And what support can the Chancellor provide in his upcoming Budget to forge a path to recovery?

At the first webinar in our Recovery Plan series, the Resolution Foundation will present the key findings from its latest research on the position of firms in the crisis. We will then hear from CBI Director-General, Tony Danker, and Senior Partner at McKinsey, Dame Vivian Hunt, on the impact of Covid-19 on businesses and how Government can help to address the challenges they face. Viewers will be able to submit questions to the panel before and during the event.

 

The other events in the series are:

Resolving rents: Tackling Britain’s rent arrears crisis, 11-12pm, Tuesday 16th February

Recovering from long Covid: Understanding the pandemic’s labour market legacy, (feat. MPC member Michael Saunders), 11-12pm, Thursday 18th February

Budgeting for Britain’s economic recovery (feat. Shadow Chancellor Anneliese Dodds and Treasury Select Committee Chair Mel Stride, 11-12pm, Thursday 25th February