UK SMEs: quantifying their pandemic risk and credit risk exposures in the wake of the COVID-19 crisis

The COVID-19 pandemic is posing significant challenges to the economic activities of small and medium enterprises (SMEs) in the UK representing 75% of all job placements among directly affected sectors. A recent statistical insight from the Organization for Economic Cooperation and Development (OECD) reveals that several countries, including the UK, were ill-equipped to cope with …