Reacting to this morning’s inflation data, David Bharier, Head of Research at the British Chambers of Commerce, said: “Today’s data showing CPI inflation is at 2.3% is positive news that should help settle nerves and increase the likelihood of an interest rate cut in the coming months. “Other recent data...
Read moreReacting to the UK’s ratification of the deal to join the Comprehensive and Progressive agreement for Trans-Pacific Partnership (CPTPP), William Bain, Head of Trade Policy at the BCC, said: “There are few multi-national trade agreements like this one. The UK’s addition to this bloc will open up new opportunities for both inward and outward...
Read moreResponding to the Migration Advisory Committee recommendations to Government on Graduate Visas, Jane Gratton, Deputy Director of Public Policy, said: “This is a set of sensible recommendations from the MAC, which we hope the Government will take on board. “While there are signs that recruitment difficulties are easing, businesses...
Read moreResponding to the latest labour market data published by ONS this morning, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said: “Employers across the UK will welcome further signs that the labour market is cooling, but more must be done to ensure they can access...
Read moreResponding to the latest ONS Trade figures published this morning, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “The first quarter of 2024 shows the challenges UK goods exporters face, with a further drop in sales to both EU and non-EU markets, despite a...
Read moreReacting to the latest GDP figures, David Bharier, Head of Research at the British Chambers of Commerce, said: “The Q1 GDP first estimate of 0.6%, outstripping expectations, is a welcome sign that the UK has moved away from last year’s shallow recession. Businesses across the UK have been the...
Read moreReacting to the Bank of England’s latest 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% was widely expected. Businesses will be hopeful that tentative signals from the Bank translate into a rate cut...
Read moreSupply chain security, trade deals, tariffs and planning permission were the big issues during the BCC’s 5-day mission to the US to promote business and investment. Director General, Shevaun Haviland’s, trip was organised ahead of the US elections as issues around trade agreements, tariffs, supply-chain disruption, subsidies, protectionism and geo-political...
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 the percentage of SME exporters reporting increased exports has been static since the pandemic, and has weakened slightly since the end of 2023. SMEs are less likely...
Read moreImproving skills and tackling labour shortages were the key topics discussed by Chamber Chief Executives, at a meeting with Education Secretary Rt Hon Gillian Keegan MP. Chambers of Commerce are leading the development of Local Skills Improvement Plans (LSIPs) across much of England. The Government designated Chambers to lead...
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