Reacting to the latest inflation published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Today’s data underlines the inflationary pressures in the economy right now and the real challenges businesses are facing. “Firms are having to deal with significant cost burdens...
Read moreThe BCC has met with Ambassadors from across the EU to make the case for a trade relations reset that benefits businesses on both sides. Director General, Shevaun Haviland, and Head of Trade Policy, William Bain, were hosted, this afternoon, at the German Embassy by Ambassador, Miguel Berger. They...
Read moreReacting to the proposals for new reciprocal tariffs outlined by the US Government, William Bain, Head of Trade Policy, said: “These new proposals for reciprocal and differential tariffs will create more cost and uncertainty for investors, businesses and consumers across the world. “Plans to factor in countries’ VAT regimes...
Read moreResponding to the latest ONS data on trade, William Bain, Head of Trade Policy at the BCC, said: “The final trade data for 2024 shows the UK’s export performance is continuing to operate at two different speeds. “Exports of services remain robust and are generating solid growth across European...
Read moreResponding to the latest GDP data released by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Confirmation that the economy grew slightly in Q4 is a small bit of relief for businesses in challenging times. However, regardless of the headline data, it’s...
Read moreNew research by the BCC’s Insights Unit has uncovered the extent to which firms are worried about the impact of US tariffs on their operations. The survey of more than 1,200 firms, of which over 260 were manufacturing exporters, was carried out between Monday 20 January and Friday 7...
Read moreThe BCC is urging Government to help firms grow as it considers its future spending plans. The business group’s submission to His Majesty’s Treasury for the Comprehensive Spending Review contains 49 recommendations on ways to grow the economy that the Government should support. The top asks include: Get Britain...
Read moreReacting to the latest interest rate decision, David Bharier, Head of Research at the British Chambers of Commerce, said: “Given the raft of cost pressures and global economic uncertainties businesses are facing, today’s interest rate cut provides a measure of relief for SMEs. “Since the Autumn Budget our research...
Read moreThe British Chambers of Commerce (BCC) is warning that businesses face increased cyber security risks without stronger engagement with government. Among the recommendations in a new report, the BCC is calling for ministers to: The report has been produced by the BCC’s Digital Revolution Challenge Group, drawing on expertise...
Read moreOn the fifth anniversary of Brexit, the BCC is calling on the Government to use its planned EU reset to achieve concrete change and help drive UK economic growth. Research by the BCC’s Insight Unit has shown that SME exporters have faced an uphill struggle to sell goods and...
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