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Money Box

The Hangover: Business

Money Box

BBC

Business

4.2804 Ratings

🗓️ 14 August 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

Covid has been an economic crisis as well as a health emergency.

In a new four-part series Felicity Hannah meets households, businesses & local councils whose lives have been changed completely. Who are the winners and the losers of the pandemic?

This week she travels to Manchester to meet three very different businesses who have experienced the financial highs and lows of the Covid crisis. From a small booming online enterprise to an iconic music venue which saw sales disappear overnight and a large construction company which, despite having to cut jobs, has carried on building.

Producer Smita Patel Researcher Louise Byrne Editor Alex Lewis

Transcript

Click on a timestamp to play from that location

0:00.0

On a winter's night in 1974, a crime took place that would obsess the nation.

0:07.0

It was an extraordinary news story.

0:09.0

The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,

0:14.0

mistaking her for his wife, then somehow just disappeared.

0:18.0

One of the great mysteries in English criminal history. We're still looking for Lucan.

0:22.1

It's honestly one of the most powerful stories of my lifetime.

0:26.0

I'm Alex Fontunzelman.

0:27.4

This is The Lucan Obsession.

0:29.2

Listen on BBC Sounds.

0:33.0

BBC Sounds, music, radio, podcasts.

0:38.2

So for us, lockdowns brought about substantial growth

0:41.6

that we just could never have imagined in our wildest dreams.

0:44.6

The arrival of the pandemic has meant that we have had to completely stop trading

0:48.9

and put the business into deep freeze.

0:51.6

As a large business, as a result of COVID, we did take a big hit, but we bounced back very quickly.

0:57.0

At the worst of the COVID crisis, the economy shrank by more than a fifth.

1:02.0

It's an important number. It was the worst fall since records began.

1:06.0

But a number like that can only give a very general sense of what actually happened during the pandemic and what might happen next.

1:13.6

In this four-part series, we're looking at some of the individual financial stories behind that figure,

1:19.5

from people to businesses to councils and the country.

1:22.9

There have been some real highs and some devastating lows.

1:26.4

This is The Hangover.

...

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