As per the survey conducted by Colin C. Williams (2007) to see the impact of small businesses in the economy in the UK, it was difficult to understand the magnitude of the same. As per the report, Williams concluded that the changes in the growth of the small-scale businesses do have a significant effect on how the UK government pursues in making further changes on the overall development and economy of the country.A report states that there has been a striking difference in the performance of small- scale businesses pre and within recessions.

The recent Covid 19 pandemic had a major impact on the economy of small- scale businesses. A report conducted survey of more than 5800 small businesses. Their report suggests mass layoffs caused due to the expenses not being met. These businesses were financially fragile, hence the disruptions caused due to the pandemic effected highly on the profitability(Bartik et al., 2020). The changes in the average customer spending affects the profitability of the business. Essentially, customer spending fell with regards to personal consumption expenditu