Noticias de la Cámara

British Chambers responds to ONS GDP figures

14/07/2020 Chambers_british_logo _1_1_13

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

The latest data confirms there was a modest rally in monthly UK GDP growth in May as restrictions started to ease. However, coming after unprecedented contractions in the previous two months, it does little to alter the UK’s historically downbeat growth trajectory.  

“The pick-up in output in May is more likely to reflect the partial release of pent-up demand as restrictions began to loosen, rather than evidence of a genuine recovery. While UK economic output may grow further in the short term as restrictions ease, this may dissipate as the economic scarring caused by the pandemic starts to bite, particularly as government support winds down.  

“Although some of the individual measures announced in the Summer Statement were welcome, more significant fiscal stimulus is likely to be needed to help kickstart a sustained recovery. This should include new incentives for business investment and reducing the overall cost of employment through a cut in employer national insurance contributions.” 


Socios Patrón

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

Socios Corporativos

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