Noticias de la Cámara

British Chambers responds to ONS GDP figures

12/08/2020 Chambers_british_logo _1_1_15

Commenting on GDP figures for Q2 2020 published today by the ONS, BCC Head of Economics Suren Thiru said:

“The UK suffered an historic contraction in economic activity in the second quarter as the coronavirus closed large parts of the economy. The dominant services sector suffered particularly badly in the quarter, with consumer-focused firms hit hardest by the pandemic.

“While there was a pick-up in activity through the quarter from the historically weak April outturn, this is more likely to reflect the release of pent-up demand as the economy gradually opened, rather than an indication of a sustained revival.

“With restrictions steadily easing, the second quarter is likely to prove to be the low point for the UK economy. However, the prospect of a swift ‘V-shaped’ recovery remains remote as the recent gains in output may fade over the coming months as the economic damage caused by the pandemic increasingly weighs on activity, particularly as the government support measures wind down.

“Against this backdrop, bold action is needed to immediately inject confidence back into the UK economy. This should include supporting businesses to retain staff through a cut in employer national insurance contributions and targeted support to help businesses placed under local lockdowns.”


Socios Patrón

  • Iberdrola
  • Sage
  • PwC
  • Gleeds Ibérica
  • Oxford University Press
  • NH Hotel Group
  • JCB
  • Hays España
  • GSK
  • Telefónica
  • Banco Sabadell
  • Savills
  • Pearson
  • Lopez Landa Interiors
  • Gestamp Servicios
  • Cuatrecasas
  • Selier Abogados
  • Plain Concepts
  • HSBC Bank
  • Diageo
  • Mitie
  • AstraZeneca
  • Evolutio
  • Santander
  • Mondragon Corporación
  • EAE Business School
  • El Corte Inglés
  • Canon
  • Brico Depôt
  • Arriva a DB Company

Socios Corporativos

  • Value Retail
  • Uhy Fay & Co
  • Oak House School
  • David Lloyd
  • Bunzl Distribution Spain
  • AFI, Analistas Financieros Internacionales
  • Prosegur Seguridad
  • Spectrum IFA Group
  • Holiday World Resort
  • Flutter
  • Royal & Sun Alliance Insurance
  • Baker Tilly
  • McArthurGlen Designer Outlet Málaga
  • Pinsent Masons
  • BSI Group Iberia
  • Safetykleen
  • BDO
  • Barclays
  • LRQA España
  • CaixaBank
  • UAL Awarding Body
  • Lloyd’s Insurance Company SA, Sucursal en España
  • Schüco
  • Rentokil Initial
  • Kensington School
  • Cambridge University Press
  • Barrilero & Asociados
  • ISP Schools
  • Berkeley Energía
  • PageGroup
  • Presstour
  • Cubico Sustainable Investments
  • Arup
  • PKF Attest
  • énergie Fitness
  • MARCO Agency
  • Redshaw Advisors
  • EY
  • Cognita Schools
  • Herbert Smith Freehills
  • Colt Technology Services
  • BT Global Services
  • GD Global Mobility | Gesdocument
  • Cabrera Rodriguez ETL Global
  • Gilmar Real Estate
  • Management Solutions
  • Byevolution Creative Factory
  • Brand Finance
  • IQS
  • Ferrovial
  • Gómez-Acebo & Pombo
  • Boult Wade
  • Mazars
  • ETL Global
  • TSL Projects Spain
  • IESE Business School
  • Segro Spain Management
  • De Cotta McKenna y Santafé
  • Parque Tecnológico de Andalucía
  • RSM Spain
  • Indra
  • Croda Ibérica
  • BAT
  • KPMG
  • Grant Thornton
  • Sacyr
  • Finastra
  • Gentile Law
  • Agencia de Innovación y Desarrollo de Andalucía IDEA
  • EGD Logistics
  • Agbar
  • Allen & Overy
  • Ayming España
  • CMAC Group
  • Control Group
  • Engage Independent School
  • Gamma
  • Talan
  • Kreab Worldwide
  • Roman
  • Globeducate British International School
  • Invest Northern Ireland
  • Araex Grands
  • Uría Menéndez Abogados
  • Lightsource bp
  • Currencies Direct
  • Brunswick Group
  • Haleon
  • Allergy Therapeutics Iberica
  • The Entertainer / Poly Juguetes
  • British Council
  • Aon España
  • Menzies LLP
  • H10 Hotels