Ian Girling, Chief Executive of Dorset Chamber, representing 700 businesses and organisations, gave his reaction to the emergency cut in interest rates.
He said: “This is a prudent and proportionate move by the Bank of England, clearing factoring in a sharp slowdown in business activity over the next few months because of the coronvirus crisis.
“Business and consumer confidence is undoubtedly taking a battering and it will be for the policymakers to show a measured and agile approach in getting the economy back on track.
“Dorset Chamber, which was the first chamber of commerce in the country to proactively advise members against shaking hands, will be providing advice, guidance and signposting during this unprecedented time.”