23 March 2020- The British Chamber of Commerce supports the government’s measures in slowing down the spread of COVID-19. However, it acknowledges the economic and long term social impact these measures might cause.
The Chamber supports the call of the business groups for a massive stimulus package that will help ease the strain on the economy such as raising our deficit deficit-to-GDP ratio to close to five percent. While we understand the complexity involved, these measures will not only mitigate the suffering of vulnerable sectors but also reduce the damage to the economy.
As the recognized voice of the British business community, the British Chamber ensures that its business community has the necessary support in response these unprecedented times.