BCC responds to expanded Job Support Scheme

Responding to the Chancellor’s announcement that the Job Support Scheme will be enhanced to help UK firms that will have to close due to tighter restrictions expected next week, and cash grants will be increased, BCC Director General Adam Marshall said:

“The enhanced Job Support Scheme will provide some additional relief for businesses forced to close due to intensified restrictions. It is right that the Chancellor has responded to our long-standing calls for more local support, as so many areas across the UK now face restrictions and closures. More generous cash grants will be of some help, but for most this will not be enough to offset a sustained cash crunch.

“As welcome as this new support will be for companies shut down by government decree, additional local restrictions and lockdowns will have a material impact on many other firms, especially in supply chains and in town and city centres. Their cash flow concerns, and worries about future demand, must be heeded.

“At the end of the day, no fiscal support will ever be a substitute for an open, functioning economy. While the Chancellor deserves thanks for enhancing the support on offer, the goal of all governments across the UK must be to get to a point where wide-ranging restrictions, and the economic disruption they bring, are no longer needed.”

More information can be found here https://www.wnychamber.co.uk/coronavirus/

 

Published in ,

Related content

Three key fixes needed for SME finance

By Head of Representation | 15 September 2023

Business Council launch reaction

By Head of Representation | 14 September 2023

Manufacturers connect to the workforce of tomorrow

By Head of Representation | 12 September 2023

Chamber reacts to York Station news

By Head of Representation | 6 September 2023

Share your experience and challenges with important figures in British economics

By Head of Representation | 1 September 2023

Unlocking the power of British business

By Head of Representation | 1 September 2023