Responding to Bank of England forecasts which show the UK economy
could shrink by 14% this year, Acting Leader of the Liberal
Democrats Ed Davey said: “This is a critical time for our economy.
The number one economic priority is avoiding mass redundancies by
extending the furlough scheme. Businesses must have the time and
space to recover. Jobs and business support schemes cannot be
removed too early or completely. “Without Government action, jobs
could be lost on a massive scale and...Request free trial
Responding to Bank of England forecasts which show the UK
economy could shrink by 14% this year, Acting Leader of the Liberal
Democrats said:
“This is a critical time for our economy. The number one
economic priority is avoiding mass redundancies by extending the
furlough scheme. Businesses must have the time and space to
recover. Jobs and business support schemes cannot be removed too
early or completely.
“Without Government action, jobs could be lost on a massive
scale and the economy could spiral.
“The Government must also take immediate steps to extend the
Brexit transition period. Uncertainty over our relationship with
our closest trading partner will hurt the economy even more.
Risking the UK leaving transition with no deal is unbelievably
irresponsible.
“We must above all keep people safe from the Coronavirus and
the lockdown should continue as long as the science shows it needs
to.
“But the Government must also do more to keep businesses
afloat through these turbulent times.”
