PECM Issue 47 2020 | Page 19

CBM has been lobbying Government for the last four months about a reverse Job Retention Scheme that incentivises businesses to bring back staff in some capacity .
It had also been asking for a raft of other support measures to help the cashflow of viable companies hit by the pandemic and is happy that the requested VAT and Corporate Tax extensions have been put in place to give businesses a further 12 months to make payments .
“ Coming to terms with Covid-19 is one thing , but it is also clear that our members are very worried about the impending spectre of Brexit and the increasingly likely reality of a ‘ no deal ,” added Steve Morley , President of the Confederation of British Metalforming .
“ 58 % of companies in our sector feel leaving the EU will have a detrimental effect on their business and , importantly , more than half would like to see an extension to negotiations .”
He concluded : “ The message is clear … leaving without a deal should not be an option . It would have been a testing time for business in a normal world , let alone one
An overwhelming 90 % of companies believe a stimulus package for certain sectors is needed . that has been turned upside down by the pandemic .”
CBM represents over 200 members , providing the largest collective voice for the metalforming sector .
It provides essential lobbying , training services , access to knowledge sharing events and support with Climate Change Levy administration , the latter delivering more than £ 4m of savings to members every year .
For further information , please visit www . thecbm . co . uk or follow @ cbm _ uk
Issue 47 PECM 19