BCC responds to ONS labour market figures for February

23rd February 2021

Commenting on the ONS labour market statistics for February 2021, published today, BCC Head of Economics Suren Thiru said:

“While the furlough scheme is limiting job losses, the rise in unemployment and decline in employment levels are further evidence that coronavirus continues to weaken the UK labour market. 

“With firms facing a renewed cash crisis amid the current lockdown and the prospect of several more months of diminished demand and revenue before many can fully reopen, substantial job losses maybe inevitable if the support schemes wind down as planned. 

“Although the government’s roadmap provides a way forward, the lack of clarity over the future path of fiscal support has left a damaging cliff edge for jobs and livelihoods. 

“It is vital that the government support schemes, including furlough and business rates relief, are extended through the summer and wherever possible throughout 2021 to help protect jobs and power the recovery.”

You might also be interested in

British Chambers of Commerce appoints Shevaun Haviland as new Director General

Fri 5th March 2021

The Board of the British Chambers of Commerce (BCC) has today announced the appointment of Shevaun Haviland as the new Director General of the organisation.

Employers Urged to Share Return to Workplace Plans to Inform Future Shape of Public Transport

Thu 4th March 2021

Transport bosses will work with South Yorkshire businesses to better understand their work and travel plans in a post-pandemic future, to inform a roadmap to rebuild the region’s public transport network.

BCC provides its full response to March 2021 Budget

Wed 3rd March 2021

Giving his reaction to the Chancellor’s budget, Dr Adam Marshall, Director General of the BCC, said:

BCC gives its initial response to March 2021 budget

Wed 3rd March 2021

Giving his reaction to the Chancellor’s budget, Dr Adam Marshall, Director General of the BCC, said: