Britain | Firm footing
British business is in surprisingly good shape
Although the economy has shrunk by a tenth in a year, companies are flush
THE ECONOMY shrank by around 10% in 2020, the largest drop in a century. There has been a steady drumbeat of corporate collapses, with high-street retailers such as Topshop and Debenhams and restaurant chains such as Café Rouge going down the tubes. Yet British business has rarely been in such rude health.
This article appeared in the Britain section of the print edition under the headline “A firm footing”
Britain February 13th 2021
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- The British establishment is the world’s most open—for a price
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