Bounce Back Loans

Yesterday marked the end of an era for us as a business, as we made the final payment on our bounce back loan. Many, many businesses did not repay that money, for various reasons. So, we guess we should be glad that we managed to survive the complete chaos that has ensued in the economy pretty much since those strange Covid days.

The Treasury in London.

What a strange time to be alive the Covid pandemic was. As a business, we did quite well out of it, but many were not so lucky. Who can forget the people telling business owners that their business was not essential? Or that their business was not viable, if it couldn't survive being shut down? Usually those people saying those things did not have the first clue about running a business. Also, a business is pretty essential to the owner and their family, when them paying their mortgage relies on said business. Strange times indeed and a snap shot in to the wider societal division that now seems so prominent five or six years later.

The economic fall out from the pandemic, continues to be felt to this day and probably will be felt for many more days to come. It is very rarely mentioned by either the media, or politicians though. They constantly beat each other about economic failings, yet never address this huge elephant in the room. We don't know what the alternatives were, but paying businesses to stay closed for such a prolonged period seems crazy now. Especially when you now see the economic and social damage caused by that period in time.