Wednesday 9 December 2020

With Covid-19 cases rising in a number of London boroughs, speculation is mounting that London may be increased to Tier 3 status when tier levels are reviewed next week. London Chamber of Commerce and Industry has commented on the implications that Tier 3 would bring to London, at a time when Brexit implications are also looming.

LCCI CEO Richard Burge has warned that Tier 3 without the right support will be issuing a “do not resuscitate” order on some businesses, and with both Covid-19 response and Brexit in mind - he urges government to demonstrate that they grasp that London is the UK’s world city - and its economy and global reach drives benefit right across the UK.

Richard said: “If scientific evidence of transmission levels of COVID-19 in London warrant moving the capital into Tier 3 then the Government must, at the same moment, significantly increase its support for London businesses.

“The inevitable collapse in footfall, particularly in central London, means there should be an immediate extension of the business rates holiday, and instant cash support to enterprises in retail, hospitality and leisure. Without that help, the government will be issuing a “do not resuscitate” order on companies which otherwise would be successful and thriving contributors to the most important economic asset in the country – London.

“Government must also keep in mind the emerging crisis at our ports and the looming implications of Brexit upon our businesses and supply chains.

Now is the time for the Government to demonstrate that they grasp that London is the UK’s world city - and its economy and global reach drives benefit right across the UK.

There will be no ‘Global Britain’ without London operating at full power.”