the british chamber of commerce says the majority of u.k.e ready to reopen at least in part. for thoseies ahead who can't? we will speak to the bcc director general next. this is bloomberg. ♪ anna: taking the official cash rate negative into the future. that moved to the new zealand dollar overnight. it is a debate being had across the english-speaking world with markets pricing and eventual move to subzero from the fed and the bank of england and those market expectations have been building over the last few weeks. the bank of england governor will be testifying in front of the treasury select committee later on. watches comments for thoughts about negative interest rates. we will bring that live at 2:30 p.m. london time. most british companies are ready to restart operations at least once restrictions are eased, but one in 10 said they would struggle main the because of social distancing guidelines. that is according to the british chamber of commerce. we are joined by the director general of the british chamber of commerce out of marshall

the british chambers of commerce has said the government need to keep levels of public spending highoost the economy after the lockdown is lifted. our business correspondent katy austin has more. liz and phil's independent health club near nottingham has been closed since march, like other leisure businesses. revenue has ceased but the costs happen, so huge impact. support schemes, including furloughing employees, have helped. they want to know when they can reopen. we also need to know how we can reopen, the scope of it, and also how many people we will be allowed to have m, people we will be allowed to have in, because if the turnover will be restricted by the fact that we've got to keep huge social distancing measures in force. they think further support will be needed. extending the furlough scheme may be one thing they could do. we have also talked about the potentially, deferring tax, that they could potentially write that off. that would mean additional cost to the taxpayer, and tens of billions of pounds has already been spent on emergency support schemes for businesses, but

we can speak now to adam marshall from the british chambers of commerce. e of weeks or possibly even longer in order to prepare to reopen their operations so they need to get a little bit of clarity about when that first easing is going to come and then when subsequent easing is going to come. i think they understand the course public health considerations have to come first in the government may have to make changes to the plan as we go but they need to start seeing some timeframes for reopening and that will give them the confidence to get ready. in particular, when you look at the current restrictions, what would you like to see go first? well, i think what businesses need is knowledge about what sort of ppe they will require. they want to know what sort of methods they are going to put in place in order to operate safely. as you heard from many examples there... those... already operating... but those who have had to close over the last month are going to need some of that and they wa nted going to need some of that and they wanted to be led by public h

that's the british chamber of commerce.♪ anna: welcome back to "bloomberg markets: european open." 30 minutes into wednesday's trading day and things negative for the european equity markets, but not by a great deal. a bit of upside coming through on the ftse 100. the cac index a little bit ax a little bit d negative. the gainers, health care, food and beverage, and insurance. let's look at the downside. ax a little bit negative. the biggest losing sectors this morning, oil and gas, travel and leisure, and autos. we talked about the numbers coming through from the auto sector with those bmw numbers earlier on and a focus on oil prices. we have -- saw a big rally in oil prices yesterday. matt, let's get up to date with the top stories. matt: german factory orders right up there. . they just broke this morning. demand, of course, collapsed in march, as measures to contain the coronavirus brought the economy to a standstill. it is europe's manufacturing powerhouse. germany has been particularly affected by factory closures and

today, the british chamber of commerce has called on the government to introduce a phased re—opening s correspondent katy austin has more. liz and phil's independent health clu b liz and phil's independent health club near nottingham has been closed and smart like other businesses. since then, all revenue has ceased but the costs haven't. a huge impact. furloughing their nine employees through the government scheme, a grant and deferring vat have helped but it won't be long before cash runs out. they want some idea when they can reopen. we need first of all an idea of when, and we need a bit of notice. we also need to know how we will be able to reopen and the scope of it. and also how many people would we like to have in? if the turnover will be restricted by the fact we have to keep social distancing measures in force. they think their industry will need further support to avoid jobs being lost. extending the furlough scheme may be. we have also talked about potentially, rather than deferring vat or tax, they could potentially write it off. office—based companies are also wondering

take up thought 10% of business would take up the furlough scheme and according to the british chamber of commerceready. they have but some, if not all of their staff on the furlough scheme. the chancellor has said on several occasions, the more people take up the scheme, the more are getting access to the funds they need to people don't lose theirjobs and they can hibernate their employees until they can be safe to return to work. but it seems that success may have a breaking point. the uk is borrowing an unprecedented amount of money in the next three months, more thanit money in the next three months, more than it was expected to borrow all year. we are now going back to the great depression in terms of the impact on the economy. you know, these are very difficult financial and economic times and for every statistic, there is a life affected by thejob statistic, there is a life affected by the job loss and the furlough scheme, the cut in salary and the rest of it. it goes back to what we we re rest of it. it goes back to what we were saying about the importance of getting more people back into

able to adapt to new guidance, new changes and new normal >> the head of economics at the british chamber of commerce. >>> a dire warning saying the virus will spread if the country opens up too soon. dr. fauci added that the u.s. death toll is probably higher than the official toll of 80,000 and states should not relax restrictions until they know they can handle the inevitable rise of covid-19 >> you may not be able to control, which will set you back not only leading to some suffering and death that could be avoided but could even set you back on the road to try to get economic recovery. >> california governor announced the state is entering phase 2 of the lockdown easing plan and seeing more workers returning to the office and some dine in services opening and some malls opening for pick up. the california university system announced all classes are canceled for the fall with courses to be conducted on line. >>> twitter asked staff that can work remotely to do so permanently. facebook and google will allow workers to work from home until the end of the year even if considered safe to return to wo

adds pressure on the government, which is facing criticism for its pandemic.f the the british chambers of commerceays most businesses could reopen within days after the lockdown. global news 24 hours a day, on-air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine? francine: thank you so much. let's get to drinks maker cama pri, who has reported -- campari. behindlian company also the very fashion aldrich -- fashionable drink. we are delighted to be joined by bob kunze-concewitz, the chief executive of campari. always great to catch up and have a conversation with you. when we look at the world economy, where we are, how much more pressure will mean for margins for campari and how much more in marketing we have to spend -- will you have to spend? >> please hang up. francine: i think we have just lost bob, the chief executive of campari. we will get to him in a minute. a lot of the focus is on what we saw in shanghai. the stoxx in shanghai rose this morning. chinese traders went back to work, came back online. au

the british chambers of commerce has said the government need to keep levels of public spending highown is lifted. our business correspondent katy austin has more. liz and phil's independent health club near nottingham had to close in march, like other leisure businesses. revenue has ceased but the costs haven't, so huge impact. support schemes, including furloughing employees, have helped. but will soon run out, so they want to know when they can reopen. we also need to know how we can reopen, the scope of it, and also how many people we will be allowed to have in, because if the turnover will be restricted by the fact that we've got to keep huge social distancing measures in force. they think further support will be needed. extending the furlough scheme may be one thing the government could do. we have also talked about potentially, rather than deferring vat or tax, that they could potentially write that off. that would mean additional cost to the taxpayer, and tens of billions of pounds has already been spent on emergency support schemes for businesses, but the british chambers of

according to the latest survey by the british chambers of commerce, only a third of firms say they canof project management at colliers international. lovely to meet you as it were. tell us about the logistics of businesses trying to get their workforce back in the workplace. we know it is not straightforward and one size does not fit all. there is great advice out there but we have created a social distancing calculator and across the uk on average only 40% of desks will be usable when taking into account social distancing rules and also in this to be specific location to location, taking into account offers floors but how you get to the office, public transport and within the buildings how you move around the building with shared facilities. that is theissue, with shared facilities. that is the issue, it is the entire process that has to be managed by businesses. they have a duty of care, don't they? they do and there is some great advice from hsc in the uk, risk assessments and also focus on sharing the approach with organisations employees. it is about making employees feel safe, g

there is a further call today from the british chambers of commerce for such support to be extended ifs sustaining very high levels of public spending. katie, many thanks. thank you. it's emerged that more than 2,000 coronavirus patients in intensive care in england, wales and northern ireland had to be treated for kidney failure as well as respiratory problems. those affected received specialist renal support treatment — and that led to a shortage in essential equipment. angus crawford reports. meet maurice marshall before covid — singer and student. and now, survivor. i was terrified, petrified. well, as i got into the ambulance, looked at the house, i thought, say goodbye to the house. you're not coming back. i was struggling to breathe. he spent 22 days on a ventilator. the virus attacked his lungs and then moved on through the body. so, my kidneys failed several times, so what people do fail to realise is that, with covid, it's notjust about covid pneumonia, you know, you get the heavy duty flu, or you have trouble breathing, it does go for other internal organs. the latest figure

let's speak now to hannah essex from the british chambers of commerce. t said it was like a game of kerplunk. they have are trying to gradually remove the support. do you think the chancellor did enough today? yes. well, i think businesses were asking for two things. one was flexibility within the scheme to allow them to bring back people on a part—time basis. the other was that the employer contribution was gently introduced. i think on both of those points have been addressed. the schema close to some businesses so u nless schema close to some businesses so unless you're in the scheme until june, you can't join. unless you're in the scheme until june, you can'tjoin. there are some sectors where if they simply cannot open or the capacity is so restricted, they can't operate to full capacity, they will need additional support for those businesses. are you saying that right now there isn't a sector specific allowance for instance for the hospitality industry? they will be the last to come out of the lockdown. the scheme didn't go down a route because it wa

but the british chamber of commerce warned that business needed "practical questions answered" beforeorning to you. tell us what your thoughts are on the government plans, what we know at this point. as the prime minister said last night, a shift on the emphasis, so some companies in construction and manufacturing for example have been operating through the last few weeks, and probably we will see more people go back to those jobs. see more people go back to thosejobs. for most see more people go back to those jobs. for most of our members, it will take three to four weeks to get back to operating where they were, but iam not operating where they were, but i am not expecting a huge number of extra people to go to work today. it will take time and we expect more guidance from the government as well on how businesses can operate safely, because clearly they wa nt to safely, because clearly they want to be sure that their staff and customers are safe when they reopen. and that is a critical point, isn't it? more detail is exacted from the government today. but for people running business

the british chambers of commerce wants to see the government give more information on what steps willng companies. they are reopening sites today that have not been open for a few weeks. we will hear what they are putting in place and whether they field whether these changes will perhaps help them because this is about getting the economy going as quickly as possible. thank you very much and hopefully we can catch a glimpse of you in the office later. i promise to come and see you. 6:a7am is the time. labour is urging the government to reveal its plans for stockpiling face masks, before it eases any lockdown restrictions. shadow cabinet minister rachel reeves has written to her counterpart, michael gove, pressing him to "learn from past mistakes" and "get ahead of the game," should the wearing of face masks become official advice. racheljoins us now from leeds. good morning. thank you for spending a bit of time with us this morning. can we start with that issue of face masks? we mention the letter you have written to michael gove. are you suggesting that all of us could be wearing the