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Economic bounce-back – How the Government can support businesses entering the new world

Our report details what measures small and medium-sized businesses (SMEs) would like to see from the Government to kick-start the UK economy.

The Chancellor, Rishi Sunak, will be giving a Statement on Wednesday 8 July to outline the Government’s plans for economic recovery.

With lockdown measures easing, businesses reopening, and emergency funding schemes winding-down, the Government must now turn its attention to driving a strong and quick economic bounce-back. We believe that this can only be achieved by supporting private businesses, which lie at the heart of the UK’s economic activity.

Having surveyed over 120 private companies between 24 June and 3 July 2020, we have produced a report outlining what businesses themselves believe the Government should prioritise to kick-start the UK economy.

You can find the report here.

50.82%

of businesses believe that ‘considerable loss of sales due to damaged customer confidence’ is the greatest threat to the survival of their business over the next 12-24 months.

66.39%

of businesses believe reducing VAT would encourage household spending again.

Blick Rothenberg’s July 2020 Government Business Policy Survey

The measures SMEs would like to see from the Government to kick-start the UK economy.

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