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Reacting to the latest interest rate decision by the Bank of England, David Bharier, Head of Research at the British Chambers of Commerce said: “Today’s widely expected interest rate hold highlights the tightrope the Bank is walking, in the face of mounting global uncertainty and rising cost pressures. “Our...
Read moreReacting to the latest labour market data, published by the ONS this morning, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said: “The labour market remains a significant challenge for employers who are struggling with skills shortages, higher wage costs and the imminent hike in...
Read moreThe Director General of the British Chambers of Commerce (BCC), Shevaun Haviland, is urging the Government to accelerate efforts to reset UK/EU relations to quickly remove trade barriers for businesses. She will make the plea at the BCC Driving International Trade Conference 2025 on Thursday March 20 in Central...
Read moreResponding to the latest GDP data released by the ONS, Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “With businesses facing an impending avalanche of cost pressures, it’s unsurprising that growth is in trouble. With GDP shrinking in January and an expansion of just 0.2% for...
Read moreResponding to the Prime Minister’s speech on regulation and civil service reform, Shevaun Haviland, Director General of the British Chambers of Commerce, said: “Businesses want regulation which supports rather than hampers them – and we’re encouraged by the Prime Minister’s speech. “A pledge to cut red tape and unnecessary...
Read moreReacting to the introduction of 25 percent tariffs on exports of UK steel and aluminium to the United States, William Bain, BCC Head of Trade Policy, said: “This is a difficult day for trans-Atlantic trade and plunges businesses, in both the US and UK, into a new age of...
Read moreResponding to the unveiling of the Planning and Infrastructure Bill, Jane Gratton, Deputy Director of Public Policy at the BCC, said: “It’s encouraging to see the Government has heeded our calls to tackle the problems of the UK’s worn-out infrastructure to fire up growth. “These reforms have great potential...
Read moreThe British Chambers of Commerce (BCC) is calling on the Government to tackle the problems of the UK’s worn-out infrastructure to fire up growth. Among the recommendations in a new report the BCC is calling for ministers to: The report has been produced by the BCC’s Local Economy of...
Read moreThe British Chambers of Commerce (BCC) Quarterly Economic Forecast (QEF) has revised down growth expectations for 2025, as firms deal with a raft of rising cost pressures. Business investment and exports are likely to suffer this year because of the impact of the National Insurance rise and global uncertainties....
Read moreReacting to the latest remarks by the US President on tariffs, William Bain, BCC Head of Trade Policy, said: “Businesses have been plunged into more uncertainty around the future of tariffs on UK goods after the President’s announcements last night. “The signals from the White House, last week, had...
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