A new survey by the BCC’s Insights Unit of 1,111 businesses (92% SMEs) shows the urgency for the Government to reset trade relations with the EU is increasing. The BCC report, assessing the fourth year of Brexit, identifies fresh challenges as regulations continue to diverge, creating further headaches for...
Read moreReacting to the latest interest rate decision, Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “With inflation ticking up and wage growth accelerating, it’s unsurprising the Bank of England is adopting a cautious approach by holding interest rates at 4.75%. “Our recent forecast suggests further cuts...
Read moreReacting to the latest inflation data released this morning, David Bharier, Head of Research at the British Chambers of Commerce, said: “A slight ticking-up of the CPI to 2.6% shows that inflation remains a threat to the UK economy. The Bank of England is likely to remain cautious and...
Read moreReacting to the latest ONS Labour Market data published this morning, Jane Gratton, Deputy Director Public Policy said: “News that wages have been rising faster will be a concern for businesses as they continue to grapple with the huge increase in employment costs announced in the autumn Budget. The...
Read moreReacting to the UK formally joining the Comprehensive and Progressive agreement for Trans-Pacific Partnership (CPTPP) today, William Bain, Head of Trade Policy at the BCC, said: “This is a red-letter day for our traders. There are few multi-national trade agreements like the CPTPP. It connects us to a fast-growing region...
Read moreResponding to the latest ONS data on trade, William Bain, Head of Trade Policy at the BCC, said: “There has been a slowdown in both services and goods trade in the three months since July. This links in with other economic data showing a dampening of demand. “Trade data...
Read moreReacting to the latest GDP data released this morning, David Bharier, Head of Research at the British Chambers of Commerce, said: “With growth of just 0.1% in the three months to October and an unexpected fall in the monthly GDP, the UK economy was already fragile ahead of recent...
Read moreChancellor, Rachel Reeves, met with the British Chambers of Commerce Business Council on Wednesday 11th December, to discuss October’s Budget and the Government’s long-term plans to boost growth. The event was an opportunity for the senior business leaders to raise the impact of policy measures, including the rise in...
Read moreA new Global Britain report from the British Chambers of Commerce is urging the Government to get the UK match fit for a more fractious era in trade. The report has 26 recommendations focussed on export growth, trade alliances, investment and economic diplomacy, regulatory reform and infrastructure. Its top...
Read moreResponding to the Prime Minister’s Plan For Change, announced this morning, Shevaun Haviland, Director General of the British Chambers of Commerce, said: “It was good to hear the Prime Minister double down on his commitment to grow the economy and highlight the importance of reforming the planning system. “The...
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