Responding 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...
Read moreThe British Chambers of Commerce (BCC) Quarterly Economic Forecast (QEF) has revised down growth expectations for 2024, but marginally improved GDP expectations for 2025 and 2026. Increased government spending is likely to boost GDP, however business investment and trade are likely to suffer in 2025 – through the impact...
Read moreThe British Chambers of Commerce (BCC) is urging policymakers across the UK to put British businesses at the heart of sustainability and waste reduction plans. Among the recommendations in the BCC’s Circular Economy report: The report examines the existing policy framework and future plans across all four nations of...
Read moreThe British Chambers of Commerce has used an evidence session on the Employment Rights Bill to highlight businesses’ serious concerns about the legislation and the speed and detail of consultation. The issues included: The BCC gave evidence at a hearing of the Employment Rights Bill Committee on the proposed...
Read moreReacting to the latest inflation data from the ONS, David Bharier, Head of Research said: “While inflation is down considerably from this time last year, the larger than expected uptick in October highlights the continuing price pressures in the economy. Electricity and gas costs have risen sharply, with households...
Read moreResponding 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...
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