CBI responds to the latest economic analysis from OBR and IMF

Rain Newton-Smith, CBI Chief Economist, said:

“This makes for bleak reading and stresses the need for the right policies to support our economy through this crisis. The need for coordinated global action to rebuild confidence has rarely been greater.

“The Government will also need to work with businesses and many parts of civil society here at home, to create a plan to revive the economy once the lockdown is lifted.”