LCCI comment on ONS trade figures for January 2021

Friday 12 March 2021

London Chamber of Commerce and Industry have today commented on the ONS trade figures for January 2021.

Richard Burge, Chief Executive of London Chamber of Commerce and Industry, said:  “While these figures should be treated with a degree of caution, we must be clear that this hit to trade is not just down to teething problems.  Many traders have struggled in the aftermath of the end of transition with significant complexities and a lack of clarity and understanding about new rules and processes.  The knock-on effect this is having on traders’ confidence is particularly concerning, and it will be important to see how this picture develops as further data emerges over the coming months.

“The London trade debate tends to focus on services, but goods trade is also key to its activity.  Every possible effort must be made to work with industry to support businesses with clear and thorough guidance, particularly at a time when they are still grappling with the impacts of COVID-19.”