Andrew Bailey Usa Britain city London COST Orange Andrew Bailey Usa Britain city London

UK firms tell Rishi Sunak: Time running out to save UK plc from perfect storm

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Rishi Sunak has been warned the government is running out of time to save the economy amid a rapidly worsening growth outlook and soaring inflation hitting businesses.The director general of the British Chambers of Commerce (BCC), Shevaun Haviland, said the chancellor urgently needed to announce a package of financial support for firms struggling with a “perfect storm” of rising energy prices, chronic staff shortages and supply chain problems.“They need to put in place support for businesses now,” she told the business group’s annual conference in London. “We are on limited time.

The government has until the autumn budget to reset, rethink and get their house in order.”Britain’s economy is coming under severe pressure with inflation at the highest rate since 1982, with the Bank of England governor, Andrew Bailey, warning the country was facing a worse slowdown than many of its global rivals.

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