A Look at how the new budget will affect business in Birmingham, UK

The video discusses the economic impact of the coronavirus on Birmingham's wholesale market, highlighting the challenges faced by traders due to potential lockdowns and supply chain disruptions. It covers the rising costs of produce and the government's measures to support businesses, such as waiving business rates and providing grants. The video also addresses the uncertainty businesses face and the need for swift government action to ensure survival.

What is the main concern for traders at the Birmingham wholesale market due to the coronavirus?

• Increased competition from local markets

• Potential lockdowns affecting sales

• Rising costs of imported goods

• Lack of government support

How has the coronavirus affected the supply of goods at the Birmingham market?

• Disruption in supply from Italy

• Excess supply leading to lower prices

• Stable supply with no changes

• Increased supply from local farms

What financial challenge is highlighted for small businesses during the pandemic?

• Excessive government regulations

• Increased competition

• Limited cash flow

• High interest rates

What measure did the government introduce to help businesses during the pandemic?

• Offering free marketing services

• Increasing business rates

• Providing direct grants

• Reducing employee wages

What is the expected impact on consumer spending in the coming weeks according to the chancellor?

• It will fluctuate unpredictably

• It will dry up

• It will remain stable

• It will increase significantly