Press releases

Impressive opening salvo to secure recovery

8 July 2020

Ian Stewart, chief economist at Deloitte, comments on the Chancellor’s statement:

“This is an impressive opening salvo in a campaign to secure the recovery. The aim is to sustain and build economic capacity, not to freeze it. Today’s measures will counter some of the biggest roadblocks to growth by supporting jobs and fuelling the hospitality sector and housing market.

“The recovery is underway, but much of the damage to jobs and businesses is likely still to come. The fiscal activism that helped the economy through the lockdown is being harnessed to the task of recovery.

“More will be needed of government. But today’s package shows that the Chancellor is acting in scale and with imagination to bolster the recovery.”


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Deloitte spokespeople
Deloitte has a range of spokespeople available to comment on today’s statement. They can be reached on 020 7007 3333 or 0207 303 5054 or one of the following numbers:

  • Ian Stewart – chief economist (07789 036 944)
  • Daniel Lyons - head of tax policy (07920 270 964)
  • Patricia Mock - personal tax (07826 891 752)
  • Alison Lobb – corporate tax (07785 381 369)
  • Mark Groom - employment tax (07768 178 264)
  • Jonathan Evans – stamp duty (07855 399368)
  • Mike Barber – climate change/sustainability (07920 006 216/07920 270 964)

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

Please see for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

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