Imperative now that we boost business and the local economy

Wed, June 17th, 2020

Paul Cherpeau, Chief Executive of Liverpool Chamber of Commerce:

The publication of the ONS statistics this week revealed a potential loss of 600,000 people from company payrolls between March and May, a devastatingly raw example of the impact that Covid-19 has had on our economy. Whilst we have enjoyed some positive news this week with the reopening of non-essential shops and zoos and safari parks – all key to the restart and recovery of our economy – there remain major challenges ahead for many businesses as the job retention scheme covering the wages of furloughed staff begins to be tapered from the end of July.

It is imperative that national government support the implementation of local strategies to mitigate the potential impact of redundancies over the coming period. Liverpool Chamber is a strong proponent of a brave and bold investment programme across the city which helps create and safeguard jobs, helps sustain the city’s cultural and visitor economy and supports the skills and competencies within our exciting growth sectors, including within our health and life science ecosystem and our aspirations for a low carbon economy.

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