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

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

Socios Corporativos

  • EY
  • Bunzl Distribution Spain
  • Forvis Mazars
  • UAL Awarding Body
  • Adlanter
  • Safetykleen
  • De Cotta McKenna y Santafé
  • Spectrum IFA Group
  • ISP Schools
  • IESE Business School
  • BDO
  • EGD Logistics
  • Parque Tecnológico de Andalucía
  • Boult Wade Tennant
  • Croda Ibérica
  • Lightsource bp
  • Berkeley Energía
  • Baker Tilly
  • CaixaBank
  • Araex Grands
  • Kensington School
  • Flutter
  • Vueling Airlines
  • BT Global Services
  • IQS
  • ACS
  • Oak House School
  • Firefly
  • BSI Group Iberia
  • Ferrovial
  • David Lloyd
  • Menzies LLP
  • Holiday World Resort
  • British Council
  • Grupo Hospitalario HLA
  • Grant Thornton
  • Cognita Schools
  • MARCO Agency
  • Schüco
  • Uhy Fay & Co
  • Haleon
  • Gilmar Real Estate
  • Sacyr
  • Ayming España
  • Dukes Education
  • Panorama Properties
  • Colt Technology Services
  • Control Group
  • Value Retail
  • Aon España
  • Segro Spain Management
  • Smith & Nephew
  • A&O Shearman
  • ERM
  • Cubico Sustainable Investments
  • Cabrera Rodriguez ETL Global
  • PKF Attest
  • Rentokil Initial
  • TSL Projects Spain
  • Allergy Therapeutics Iberica
  • Presstour
  • Lloyd’s Insurance Company SA, Sucursal en España
  • Agencia de Innovación y Desarrollo de Andalucía IDEA
  • Barclays
  • H10 Hotels
  • PageGroup
  • Kreab Worldwide
  • Roman
  • Mazars
  • HM International Patient
  • Currencies Direct
  • Derby Hotels Collection
  • CMAC Group
  • Barrilero & Asociados
  • Gómez-Acebo & Pombo
  • Brunswick Group
  • Indra Group
  • Arup
  • Globeducate British International School
  • Brand Finance
  • Gamma
  • McArthurGlen Designer Outlet Málaga
  • AFI, Analistas Financieros Internacionales