The British Chambers of Commerce (BCC) today publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private sector business survey.
BCC, Business West & Thames Valley Chamber comment on Honda announcement
Jointly commenting on the Honda announcement relating to the plant in Swindon, Paul Britton, Chief Executive of Thames Valley Chamber of Commerce Group, Phil Smith, Chief Executive of Business West, and Dr Adam Marshall, Director General of the British Chambers of Commerce, said:
“The automotive industry is a bellwether for UK manufacturing, and has a disproportionate impact on many of our business communities and on our export strength. The planned closure of the Swindon plant will have a major impact across the area, affecting not only many employees on site but also firms and staff across the supply chain.
“Given the size of the operation, there will be a wide and diverse network of regional suppliers that will now be hugely concerned about their future business prospects. Employers, government and local authorities must do all they can to deliver tangible assistance and guidance for the people and communities that will be affected by an announcement of this scale.
“This development highlights the importance of maintaining and attracting investment in local economies. While the automotive industry in general is going through a period of transition, and a number of global factors will have played a major part in a decision of this size, the ongoing Brexit uncertainty and looming threat of no deal is one factor that should have been resolved a long time ago.
“The Accredited Chambers of Commerce network including Thames Valley Chamber of Commerce (Swindon, Berkshire, Buckinghamshire and Oxfordshire) and Business West (representing communities across Wiltshire, Gloucestershire and the West of England) stand ready to help local businesses and staff through the challenges that lie ahead, and continue to do all they can to bolster their local economies.”
Notes to editors:
BCC: Orla Hennessy
020 7654 5813 / 07825746812
Business West: Mary Martin
01275 370912 / 07976 507975
Thames Valley: Naira Ruhomally