BCC comments on Spring Statement

Commenting on the Spring Statement, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:
“The Chancellor is right to warn of the risks that a messy and disorderly exit on March 29th would pose for the economy. Westminster must heed the fact that businesses and government agencies are simply not ready for such an abrupt change, and Parliament must take concrete action tonight and in the coming days to avoid no-deal in just over a fortnight.”
Commenting on the latest forecasts by the Office for Budget Responsibility, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:
“The OBR’s forecasts for the Spring Statement indicate a more downbeat outlook for the UK economy with GDP growth now projected to be lower in 2019 compared to their previous forecast. The significantly downgrade to the OBR’s forecast for business investment growth is a key concern, as weak inv...

This post first appeared on Lincolnshire Chamber of Commerce website.

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