Responding to the latest GDP data published by the Office for National Statistics today, David Bharier, Head of Research at the British Chambers of Commerce said: “Today’s preliminary GDP data for Q3 at 0.1% suggests economic growth has lost some momentum in the second half of 2024. “Our latest...
Read moreResponding to the Chancellor’s proposals on pension reform, Shevaun Haviland, Director General at the British Chambers of Commerce, said: “Increased investment in the UK economy is crucial if businesses are to deliver the growth, we all want to see. “And with firms facing into a wall of fresh costs...
Read moreThe findings, from the BCC’s Insights Unit, also show a rise in impact since February 2024, when firms were asked specifically about Red Sea disruption, and two-fifths (37%) were affected. Shipping container rates have fluctuated significantly since the current Middle East conflict began in October 2023. The cost of...
Read moreCustoms procedures continue to be the main export hurdle for UK companies, according to a major new survey of businesses by the British Chambers of Commerce Insights Unit, published during International Trade Week. Over 1,300 businesses took part in the online survey during July and early August. Top perceived...
Read moreReacting to the latest ONS Labour Market data published this morning, Jane Gratton, Deputy Director Public Policy said: “The small uptick in unemployment and decline in payrolled employees suggests some further loosening of the labour market. Businesses will welcome a further fall in the rate of inactivity. “Despite some...
Read moreAhead of COP 29, the UN Climate Change Conference in Azerbaijan, British Chambers of Commerce (BCC) research has found a clear divide among SMEs on environmental targets. The survey, by the BCC’s award-winning Insights Unit, shows around half of firms with more than 50 employees say they have a...
Read moreResponding to the latest interest rate decision by the Bank of England, David Bharier, Head of Research at the British Chambers of Commerce said: “As businesses continue to digest the difficult implications of last week’s Budget, a further interest rate cut is some good news for firms. “The cost...
Read moreA new independent taskforce will be launched to map out an orderly transition for the North Sea that will safeguard tens of thousands of jobs and help secure its long-term future as a critical national asset. The North Sea Transition Taskforce will be led by Philip Rycroft, a former...
Read moreEssex Chambers, as part of Chambers East, have issued a reaction to the Chancellor’s Budget Statement. Reaction to the Budget among businesses across the East of England will range from concern to alarm as they are required to shoulder the burden of tax-raising. This will in part be offset...
Read moreReacting to the Chancellor’s Autumn Budget, Shevaun Haviland, Director General of the BCC, said: “This is a tough budget for business to swallow but the Chancellor has looked to ease the pain by holding out a promise of better days ahead. “While some protection for smaller firms is welcome,...
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