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The CBI has responded to the Monetary Policy Report and Interim Financial Stability Report (May 2020)
SME manufacturing output fell at the quickest pace in over a decade in the quarter to April, according to the latest CBI SME Trends Survey. This sharp fall is largely attributable to the COVID-19 crisis, with over four out of five firms noting that the measures to contain the outbreak had a negative impact on their domestic output.
CBI comment on the start of talks
The CBI has responded to the launch of the Department for Business, Energy and Industrial Strategy's consultation on working safely as we restart the economy following the coronavirus crisis.
Private sector activity fell at the sharpest pace since July 2009 in the three months to April (-25% from -4%), with expectations for a much deeper decline in the coming months. That’s according to the latest CBI monthly Growth Indicator.
Responding to the news that over £4 billion has been given so far through the Coronavirus Business Interruption Loan Scheme (CBILS)
Retailers reported a steep drop in sales in the year to April – matching the decline in December 2008, marking the joint sharpest fall since the survey began in July 1983.
CBI welcomes 100% government backed loans
CBI Scotland has responded to the publication of the Scottish Government’s COVID-19: A Framework for Decision Making paper.