20 Mar 2020
Commenting on the further measures announced by the Chancellor to help businesses hit by the impact of Coronavirus, Glasgow Chamber of Commerce Chief Executive Stuart Patrick said:
“Glasgow Chamber of Commerce has been busily lobbying the UK Government alongside British Chambers of Commerce on actions to help avoid redundancies and job losses.
The Chancellor’s announcement is a significant step forward and welcomed at this critical time but we are seeking further clarification on some measures. While we would have preferred a waiver on VAT payments, the deferral will assist businesses with their cashflow so that they can continue to pay their employees and suppliers”.
We are pleased the Chancellor has listened to our requests on behalf of members and has announced the following measures in addition to those already secured:
Coronavirus Jobs Retention Scheme
“Time is of the essence and it is imperative the government provides details of the job retention scheme speedily and that loan guarantees reach companies as soon as possible. This is an evolving situation and we would ask that additional support measures for business remain high on the agenda”.