The fourth weekly Suffolk Chamber of Commerce survey into how its members are responding to the spread of the COVID-19 virus suggests that the promised Government schemes to assist businesses need to be both simplified and extended to include more types of companies.

The third weekly Suffolk Chamber of Commerce survey into how its members are responding to the spread of the COVID-19 virus suggests a steady increase in most issues, with worries about ongoing lost income the overriding concern of the respondents.

John Dugmore, chief executive, Suffolk Chamber of Commerce:

The second weekly Suffolk Chamber of Commerce survey into how its members are responding to the spread of the COVID-19 virus reveals a deepening and widening in the impact of the epidemic. In response, Suffolk Chamber has repeated its call for the Government to be more ambitious in its business bailout plans.

“Rishi Sunak’s announcements certainly involve big numbers in order to boost business confidence and support over the medium-term through loan guarantees.

Suffolk Chamber of Commerce understands how worried many businesses are about the ongoing impact of #Coronavrius/COVID-19. 

Suffolk Chamber of Commerce welcomes yesterday’s budget, with some positive steps for the county’s business community.

Responding to the Bank of England’s announcement that interest rates will be cut from 0.75% to 0.25% in the wake of the Coronavirus outbreak, BCC Director General Dr Adam Marshall said:

A Suffolk Chamber of Commerce survey into how its members are responding to the spread of the COVID-19 virus reveals that the whilst majority have already been affected, most are coping reasonably well by making short-term adaptations. However, many have real concerns as to the impact of the virus over the next few months.

“This was a great opportunity to project the county’s in-depth business expertise and leadership onto a national platform – one we fully took with both hands”.