BCC responds to expanded Job Support Scheme

12th October 2020

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.”

You might also be interested in

How to maintain customer relationships whilst collecting invoices?

Wed 14th April 2021

At itsettled, they’re very aware that collecting invoices can be a tricky topic for business owners - in fact, many business owners try and ignore the matter of collecting overdue invoices entirely.

Coping after Covid: Recovering the hidden cost of the pandemic

Wed 14th April 2021

View the latest research undertaken by Westfield Health which explores how wellbeing can drive productivity in your organisation, influence culture change and how you can make the business case for wellbeing.

Four in Ten UK Exporters Reporting Decreased Sales in Q1 2021

Tue 13th April 2021

The British Chambers of Commerce’s Trade Confidence Outlook for Q1, released today, has revealed the stark issues facing UK exporters in the first months of this year.

BCC Says Modest Growth in GDP Offers Some Hope for the Future

Tue 13th April 2021

Commenting on GDP figures for February 2021 published today by the ONS, BCC Head of Economics, Suren Thiru, said: