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Business Daily: Insolvency and the pandemic

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26/05/2022 GMT

Insolvency and the pandemic

BBC World Service - Business Daily, Insolvency and the pandemic

Did the cash governments gave businesses during lockdowns really help keep them afloat?

During the pandemic governments all over the world handed out cash to businesses. But did it really help keep those companies afloat and keep people in their jobs?

During the coronavirus pandemic governments around the world pumped billions into their economies. Propping up businesses and trying to make sure people stayed in work. 

Sam Fenwick looks into what actually happened to all that money and whether it really did help keep businesses afloat during repeated lockdowns and restrictions.

Nick Hood is an business insolvency expert with a company called Opus Restructuring – he helped us interrogate data held by all the major world economies on insolvencies. 

Sam also speaks to a business owner who was forced to close and declare bankruptcy during the pandemic despite financial help and another who was able to restructure and expand thanks to a government scheme.

Presenter / Producer: Sam Fenwick 
Image: Closed sign; Credit: Getty

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