Business directors blame coronavirus fears for fall in confidence

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Other challenges cited by bosses were domestic economic challenges and uncertainty over the UK's trading status with the EU.

Tej Parikh, chief economist at the Institute of Directors, said:"The coronavirus outbreak poses a significant challenge for the business community, and it is vital that the government continues providing timely and accurate guidance.

"The UK's directors are nothing if not resilient. Businesses large and small are already responding with agility, with many already taking sensible mitigating actions at this stage."However, with the prospect of orders drying up and staff in quarantine, some firms will be looking at a potential cashflow crunch, and confidence in the economy has taken a knock.

"Government must be at the ready to take swift action to help cash-strapped businesses bridge this challenging period. "The upcoming Budget also provides an opportune moment to lower business costs and support investment to amplify the post-outbreak recovery."Virus Outbreak: Your questions answered #AskSkyNews at 12.30pm weekdays

 

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No, it's down to 'Tory brexit' government policies, that's why .....!

Andrex directors have no complaints.

Thought it was Brexit. They hang on to anything current don't they...

Some things are just out of our control

Oh look, folks behind an iron curtain complain. Perhaps let them step in at the front lines. Would love to know what they think of it then. Easier to complain when you’re in your high castle.

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