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These tables are a variation of return from furlough tables that were not published in the Business Impact of COVID-19 Survey (BICS) Wave 8 results.
The tables presented show only the proportion of businesses that temporarily paused trading or ceased trading and intend to start trading in the next two weeks in the return from furlough table, instead of showing the proportion of businesses continuing to trade or temporarily paused trading or ceased trading and intend to start trading in the next two weeks.
The indicators and analysis presented in this bulletin are based on responses from the voluntary fortnightly business survey, which captures businesses’ responses on how their turnover, workforce prices, trade and business resilience have been affected in the two-week reference period. These data relate to the period 15 June to 28 June 2020.
The sample design for BICS has been reviewed and refreshed and will be the basis for future waves. This sample redesign improves our coverage for the smaller sized businesses.
The survey was sent to around 24,500 UK businesses, and results presented in this release are based on a limited number of responses, around 22.6% (5,527) of all businesses surveyed who responded.
Estimates from the Business Impact of Coronavirus (COVID-19) Survey (BICS) are currently unweighted1 and should be treated with caution when used to evaluate the impact of COVID-19 across the UK economy. Each business was assigned the same weight regardless of turnover, size or industry, and the data in the latest period are final.
Notes:
- For certain workforce tables the proportions are based on employment within responding businesses.