Regional Trends Report April 2020 – Midlands

At a time when the UK had already been showing signs of reduced growth, the economic crisis caused by COVID-19 has accelerated this downturn, with the midlands hit particularly hard by the virus. For sectors that are deemed non-essential, the only option has been to halt business activities. As a result, survival will prove challenging for many firms going forward.

Regardless of the disruption caused by the COVID-19, the UK is getting ever closer to December 31 and the end of the Brexit transition period. It is worth noting that whilst the UK may want to press ahead with talks on its relationship with the EU, if the bloc feels that talks need to be delayed due to the pandemic, and the UK Government refuses to pivot, there is a real prospect of a no-deal Brexit.