Responding to the Government’s proposals for the Trade Remedies Authority and changes to customs charges for low value imports, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “There are still many twists and turns to go in the trade war between the US and...
Read moreResponding to the latest IMF forecasts for the UK and Global economies, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “The downgrades for both the UK and global economy should come as no surprise to anyone. Businesses are under no illusion that this year...
Read moreThe Trade Confidence Outlook, conducted by the BCC’s award-winning Insights Unit, is a survey of just over 1,800 UK SME exporters. It shows the percentage of SME exporters reporting increased exports remained depressed ahead of the introduction of US tariffs. Overall, 21% of SME exporters reported an increase in...
Read moreResponding to the latest inflation data, published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “A small drop in the rate of inflation is always welcome. However, businesses fear it is the calm before the storm over the months ahead. “Today’s...
Read moreResponding 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 continues to be a significant pressure bearing down on businesses of all sizes. “The rising cost of employment is a...
Read moreResponding to the news that the UK Global Tariff is being paused on dozens of products, William Bain, Head of Trade Policy at the British Chambers of Commerce said: “Tariffs are an additional cost burden that often have to be absorbed by firms or picked up by consumers and...
Read moreResponding to the announcements from the Chancellor and Business and Trade Secretary to support UK exporters, William Bain, Head of Trade Policy at the British Chambers of Commerce (BCC) said: “The BCC called last week for enhanced credit and financial support through UK Export Finance and the British Business...
Read moreResponding to the latest ONS data on trade, William Bain, Head of Trade Policy at the BCC, said: “There are clear signs that UK firms increased goods exports to the US ahead of the introduction of tariffs. Data for the past three months shows a 23% increase in the...
Read moreResponding to the latest GDP data, published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “The stronger than expected GDP rebound in February, and positive data for the three months, are welcome news. There was an encouraging story from both the...
Read moreThe British Chambers of Commerce (BCC) Insight Unit’s latest Quarterly Recruitment Outlook (QRO) reveals only a fifth (20%) of firms increased their workforce over the last three months. This is down from 24% in Q4 2024, as business grapple with rising costs, including the national insurance hike. Meanwhile, 63%...
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