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Can car retail harbour cautious optimism for 2021? Guest opinion 21/12/2020 in Opinion
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Click the thumbs up >As Automotive Managemnent (AM) asks UK car retail businessses to share their hopes and fears for a COVID-19 and Brexit-impacted year ahead in the Outlook 2021 Survey , David Borland, EY UK & Ireland automotive leader suggests there could be cause for cautious optimism .
Read on as he reflects of the past year and the impacts of current market pressures on the 12 months ahead.
To use a driving metaphor to describe 2020, one could say that we started the journey expecting fair conditions, but after a few miles hit freezing fog, navigated an extreme blizzard, faced two road closures, then to top it all got stuck at passport control in a seemingly never ending debate.
Reuters
Published: 20 Dec 2020 11:08 AM BdST
Updated: 20 Dec 2020 11:08 AM BdST Pedestrians walk past a British government health information advertisement highlighting new restrictions amid the spread of the coronavirus disease (COVID-19), London, Britain, December 19, 2020. REUTERS/Toby Melville
Business groups expressed concerns over Britain s new COVID-19 restrictions, with the Confederation of British Industry calling them a real kick in the teeth for many businesses. );
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Matthew Fell, the CBI s chief UK policy director, told Reuters in an emailed statement that the move would hit businesses which were already struggling badly, and the government needed to take a fresh look at how to support UK businesses through to the spring.
By Kanishka Singh
Dec 20 (Reuters) - Business groups expressed concerns over Britain s new COVID-19 restrictions, with the Confederation of British Industry calling them a real kick in the teeth for many businesses.
Matthew Fell, the CBI s chief UK policy director, told Reuters in an emailed statement that the move would hit businesses which were already struggling badly, and the government needed to take a fresh look at how to support UK businesses through to the spring.
UK Prime Minister Boris Johnson said on Saturday that London and southeast England will be placed in a new Tier 4 level of lockdown. Non-essential retail will close, as will indoor leisure and entertainment.
A real kick in the teeth - UK business groups raise concern over new COVID restrictions investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.