BCC Coronavirus Business Impact Tracker: Firms ready to embrace ‘new normal’ but government support must adapt

Results from the latest BCC Coronavirus Business Impact Tracker reveal that firms are ready for a gradual reopening of the economy but will need continued, adaptable government support during a phased return to work – Over 70 per cent of respondents have furloughed a portion of their staff – Nearly three quarters of these firms have submitted a claim to the […]

BCC- Support available from UK government

The 2020 Budget announced a plan to provide support for businesses affected by Coronavirus. These measures were supplemented with further UK government responses. For further information and clarification, view the Coronavirus FAQ’s here. HMRC is delivering a programme of webinars on the measures to support employers and self-employed individuals through this period of disruption caused by […]

BCC Coronavirus Business Impact Tracker: More than 70 per cent of firms surveyed have furloughed staff as scheme goes live

Results from the latest BCC Coronavirus Business Impact Tracker reveal that the vast majority of businesses surveyed have furloughed a proportion of their workforce, and are awaiting funds from the Coronavirus Job Retention Scheme as payday approaches for many. 71 per cent of survey respondents have furloughed staff, up from 66 per cent last week Cash flow remains a significant concern for many businesses – 6 in 10 have less than three months’ cash in reserve The leading business organisation’s weekly […]

“This is a time to be bold”: BCC sets out principles for safe restart of UK economy

British Chambers of Commerce President, Baroness Ruby McGregor-Smith, has written an open letter to the Prime Minister setting out principles for a phased restart of the UK economy. The leading business group set out its integrated approach, the first step in a three-stage process,as the government prepares to ease initial lockdown restrictions. The letter reads: “The fight against the virus must remain the top priority, but the planning and communication of […]