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Then who has the cash to start new businesses in the face of a massive global recession?
It will happen regardless. Maybe not as many as before, but that's due to that global recession, and it would have happened all the same when that recession hit - and yes, we were due one in any case, maybe the Coronavirus saved us from an even more massive crash after an even more prolonged bubble. And maybe people's urge to finally go out and do things again will help too.
SwissChap
Long term maybe, but it will take years. This isn't just a mothball situation - if you run a small independent bar / theatre / whatever you currently have no revenue and stock going off, staff to pay or let go, and despite the chancellors plans, still outgoings - utilities, wifi, etc etc.
Many, many businesses can't afford not to be trading and will go under. They can't close for a month or 2 and then pick up where they left off.
Then who has the cash to start new businesses in the face of a massive global recession?