Commenting on the decision by the Bank of England’s Monetary Policy Committee to cut interest rates to 0.1%, Suren Thiru, Head of Economics of the British Chambers of Commerce (BCC), said:
Chambers and businesses need to prepare for the impacts of Coronavirus/COVID-19 transmission
UK economic growth is expected to slow sharply in 2020 amid disruption caused by the impact of Coronavirus, according to the latest economic forecast by the British Chambers of Commerce (BCC).
The British Chambers of Commerce provides its full response to the 2020 Budget.
Responding to the Bank of England’s announcement that interest rates will be cut from 0.75% to 0.25% in the wake of the Coronavirus outbreak, BCC Director General Dr Adam Marshall said:
Welcoming the Government’s announcement today of a £1 billion agreement to take 4G coverage to 95 per cent of the UK landmass by the end of 2025, BCC Director General Dr Adam Marshall said:
In addition to the serious implications on people's health and the healthcare services, coronavirus (COVID-19) has had significant impact on businesses and the economy, and will continue to do so for many months and years ahead.
The move to join the chamber comes at an exciting time for the business as it coincides with the announcement that they have joined forces with the worldwide accountancy and advisory network - Moore.
BCC Director General Dr Adam Marshall will today call on the UK government to sweep away barriers to business growth and investment at the leading business organisation’s Annual Conference 2020.