Flood of bankruptcies in the coming months?

'At risk of bankruptcy' seems to mean 'less than six months operating costs in the bank'. As in, put us in lockdown for six months and we don't survive.

But two months from Sunday we'll have Brexit to contend with too.

And bank accounts aren't static things. There are incomings and outgoings. Stock. Salaries. Rents. VAT. Most hospitality businesses have huge operating costs. We bled out march through June, did reduced business June through October and now face a six month shuttering which will be permanent for 64% of us.

And that WILL come at a cost. In every conceivable way.

I mean, come the end of the pandemic there may be deals cobbled together from some broken and shattered dreams for anew generation of savvy entrepreneurs to bring back casual dining on the cheap or whatnot.

But the scale? the magnitude? the shattered lives beyond measure? Its going to be hard to bring half of this back in a decent timeframe.