At the same time, others now have new opportunities. The way business is done is also changing and it is possible that people and firms living through a pandemic become more risk averse, affecting their appetite to spend and invest. This all means that we are likely to see a period of heightened structural change in our economy.
As a consequence of this and the recession we will see a pick-up in the number of business failures and  households facing financial stress. How well we support those who are most affected while at the same time capitalising on the new opportunities will shape the recovery over the next few years.