Lockdown Hammers U.K. High Street as Retail Sales Slump

The video discusses the impact of COVID-19 on UK retail, highlighting the challenges faced by non-essential retailers and the role of government schemes like the furlough and job retention programs. It emphasizes the importance of government and retail sector collaboration to address supply chain issues and prepare for a phased reopening post-lockdown, ensuring safety for both customers and employees.

What is one of the main challenges faced by non-essential retailers during the COVID-19 pandemic?

• High employee turnover

• Excessive government support

• Liquidity and cash flow problems

• Increased demand for products

Which government scheme was particularly welcomed by UK retailers during the pandemic?

• Small Business Grant Fund

• Universal Credit

• Furlough and Job Retention Scheme

• Business Rate Relief

How is the retail sector involved in the discussions about easing lockdown measures?

• They are leading the discussions

• They are in regular contact with the government

• They are only informed after decisions are made

• They are not involved at all

What is a key consideration for the retail sector when planning to ease lockdown restrictions?

• Reducing product prices

• Ensuring customer and employee safety

• Expanding store locations

• Maximizing profits

What significant action was taken to support the food industry during the pandemic?

• Reducing food prices

• Lifting competition law and changing curfew requirements

• Increasing import tariffs

• Limiting food production