Sheffield Chamber Comments on Quarterly Economic Survey Q4 2020 Results
6th January 2021
Following the latest Quarterly Economic Survey covering Q4 2020, The British Chambers of Commerce (BCC) have concluded that business conditions remain weak and show no signs of improvement for the vast majority.
Commenting on the results, Head of Policy & Representation of Sheffield Chamber of Commerce, Tom Sutton, said:
“The headline findings will not come as a surprise to many. All key indicators for Q4 continue to show we have not yet managed to return to pre-pandemic output levels. The latest announcement of another lockdown will not assist improvements anytime soon.
“Sheffield Chamber has joined the BCC and the wider Chamber Network to challenge Government and ensure support for businesses is commensurate with the restrictions in place. The latest business support measures, launched by the Treasury following Monday evenings press conference with the Prime Minister, are welcomed. However, we must set out a long-term plan. A constant reactionary approach does not inspire confidence and leaves our business communities unable to plan.
“Sheffield Chamber will continue to advocate for measures that will boost business confidence, whilst ensuring parity in support for businesses that remain excluded from existing schemes with the BCC and the wider network.”
On 27th January, Sheffield Chamber of Commerce is hosting the Sheffield City Region (SCR) Quarterly Economic Review in partnership with the SCR Chambers, SCR Local Enterprise Partnership and SCR Growth Hub.
The event provides the opportunity to join fellow business leaders and hear an assessment of the results from a regional perspective. Find out how the SCR is faring compared to the national picture and join the debate with our panellists.