Mike Cherry, chair of the Federation of Small Enterprises, referred to as it a “swift and considerable intervention” but warned corporations “are dealing with a unbelievably tricky winter”.
“Today’s help package deal is the flipside of the coin to Tuesday’s Covid-19 business restrictions,” he reported.
Dame Carolyn Fairbairn, head of the Confederation of British Market, reported the intervention would help save “hundreds of 1000’s of practical work opportunities this winter season.”
“It is right to concentrate on support on work opportunities with a future, but can only be section-time even though demand stays flat.”
Nonetheless, economists warned the help will only cushion the blow the economic system faces from a 2nd wave.
Ruth Gregory, economist at Cash Economics, reported: “These actions won’t remove the hit completely. That is why we assume GDP will stagnate in the past three months of the 12 months.”
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