CBI responds as London moves into Tier 3 of COVID-19 restrictions

Eddie Curzon, CBI London Director, said:

“Businesses in London understand that rising infection rates must be controlled, and tougher restrictions are necessary to save lives and protect against longer-term economic scarring.

“However, the financial impact of moving London into tier 3 will be stark. Businesses – particularly those in sectors like retail and hospitality – will have been counting on a festive fillip to help mitigate months of hardship, and further restrictions now will come as a devastating blow. Thousands of jobs and livelihoods could be at risk.

“It’s vital that any tightening of measures anywhere across England is shaped by clear evidence, consistently applied, and accompanied by increased support for businesses in the worst-hit sectors. Vaccinations are now underway and offer tangible reasons for optimism in 2021 – the government must do everything possible to help businesses survive until risks recede and trade returns.”