Close
  • Home
  • News
  • BCC responds to ONS labour market figures for February

BCC responds to ONS labour market figures for February

Commenting on the ONS labour market statistics for February 2021, published today, BCC Head of Economics Suren Thiru said: 

“While the furlough scheme is limiting job losses, the rise in unemployment and decline in employment levels are further evidence that coronavirus continues to weaken the UK labour market.

“With firms facing a renewed cash crisis amid the current lockdown and the prospect of several more months of diminished demand and revenue before many can fully reopen, substantial job losses may be inevitable if the support schemes wind down as planned.

“Although the government’s roadmap provides a way forward, the lack of clarity over the future path of fiscal support has left a damaging cliff edge for jobs and livelihoods.

“It is vital that the government support schemes, including furlough and business rates relief, are extended through the summer and wherever possible throughout 2021 to help protect jobs and power the recovery.”

Press Release

Join a chamber

Related News

BCC Quarterly Economic Survey: businesses start New Year in solid health, but inflationary pressures a concern

The British Chambers of Commerce (BCC) today publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private sector business survey.

BCC: Levy on EU workers would be harmful

Adam Marshall, Director General, comments on remarks by Home Office minister Robert Goodwill on proposals for an immigration skills levy on EU workers.