Shevaun Haviland, Director General of the British Chambers of Commerce said: “It is a very tough time for businesses at the moment and they urgently need stability and long-term certainty. “We welcome today’s announcement from the Shadow Chancellor that she will publish a tax roadmap for business, if Labour...
Read moreReacting to the latest Bank of England interest rate decision, David Bharier, Head of Research at the British Chambers of Commerce, said: “The decision to hold the interest rate at 5.25%, the same level since August last year, will give some respite for businesses. However, the current level is...
Read moreThe British Chambers of Commerce ‘Green Innovation Challenge’ report has outlined a series of proposals for policymakers, to help accelerate the UK’s transition to net-zero. Among the recommendations in the report are: The Green Innovation report is being published at an event hosted by Glasgow Chamber of Commerce, taking...
Read moreThe Trade Confidence Outlook, conducted by the BCC’s Insights Unit, is a survey of more than 2,000 UK SME exporters. It shows SME exports have been broadly static since the pandemic and remain far less likely to see improvements when compared to the pre-pandemic and pre-Brexit period. In Q4...
Read moreResponding to the Government’s latest announcement on conformity assessment marking, BCC Head of Trade Policy, William Bain, said: “Business will welcome this common-sense approach to showing that products sold in Great Britain have met safety, health and environmental rules. Crucially, it will help keep costs down for firms and...
Read moreResponding to the release of the Government’s Critical Imports and Supply Chain Strategy, William Bain, Head of Trade Policy, at the British Chambers of Commerce said: “This strategy provides a substantial and compelling picture of the reliance an open trading economy, like the UK’s, has on these imports. “We...
Read moreResponding to the latest inflation figures from the ONS, David Bharier, Head of Research at the British Chambers of Commerce said: “Consumer price inflation remains stubborn with a slightly higher than expected growth rate of 4% in December 2023, and no change in core inflation at 5.1%. However, producer prices...
Read moreResponding to the latest labour market data from ONS, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said: “Today’s data confirms labour market conditions are continuing to cool, with wage growth and the number of vacancies falling once again. However, labour costs remain a...
Read moreThe latest Quarterly Recruitment Outlook (QRO), a survey of nearly 5,000 UK firms of all sectors and sizes, by the British Chambers of Commerce (BCC) Insights Unit, reveals that the labour market remains tight for most firms. The fourth quarter results for 2023, show a slight rise in the...
Read moreReacting to the ONS trade data for November 2023, William Bain, BCC Head of Trade Policy, said: “The positives are there was a pick-up in some export sectors in goods trade with the EU, particularly in automotive sales. Services also remained steady for a further month, with only very...
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