Delay to end of lockdown would hold back economic rebound, businesses warn

SourceSkyNews
SectorEconomy
CountryMiddle east

A delay to the lifting of COVID-19 restrictions later this month would “materially” hamper Britain’s economic recovery, a leading business group has warned.

The British Chambers of Commerce (BCC) has predicted that a consumer spending surge will see GDP grow by 6.8% this year – but said it would reassess the forecast if restrictions are extended.

It comes as doubts are cast over the 21 June lockdown lifting date with ministers stressing caution amid a rise in the number of cases of the Delta coronavirus variant.

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‘Thank goodness’ for recovery – but longer term relatively weak, says BoE governor

Suren Thiru, head of economics at the BCC, said: “The squeeze on activity and the damage to confidence from a marked delay to the full lifting of restrictions

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