Coronavirus: Business confidence slumps to financial crash low, Lloyds survey shows
It comes as the UK remains on course for a historic recession, caused by theThe government is now seeking to restart the economy by encouraging businesses to return to work and next month aLloyds economist Hann-Ju Ho said:"Despite the results partly capturing the period since the government's announcement of an initial easing of restrictions, trading conditions remain difficult for most firms.
Industry body Make UK, which canvassed the companies, said businesses are bracing themselves to have to make"substantial" job cuts in the face of plunging demand and growing pessimism about a return to normal trading.
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