Responding to the latest interest rate decision by the Bank of England, David Bharier, Head of Research at the British Chambers of Commerce said: “Businesses will welcome the decision to cut the base rate to 4%, marking a further move away from a prolonged period of elevated borrowing costs....
Read moreOver two fifths (41%) of businesses have increased their requirement for onsite working over the past year, according to new research by the British Chambers of Commerce (BCC). While most of the firms (67%) who require onsite working say it hasn’t impacted recruitment or retention, one in ten relevant...
Read moreResponding to President Trump’s decision to charge import duties for low value goods entering the US, William Bain, Head of Trade Policy, said: “This development has been coming for several months but is still a major blow to UK exporters to the US. Smaller firms and sole traders, who...
Read moreResponding to the launch of the Government’s Small Business Plan, Alex Veitch, Director of Policy at the BCC, said: “This is a much-needed step forward in recognition and support for SMEs, which are the backbone of the UK economy. Late payments, access to finance and business support are all issues...
Read moreThe British Chambers of Commerce (BCC) is calling on MPs to support key amendments to the Employment Rights Bill, when it returns to the Commons. Several changes to the legislation, which were proposed during this week’s Report Stage in the House of Lords, have the backing of the BCC....
Read moreA major new Retail Investor Sentiment survey, carried out for the British Chambers of Commerce (BCC) Insights Unit, immediately after the Chancellor’s Mansion House speech, shows increased optimism that could be harnessed to grow the UK economy. Over 2,500 investment platform users were polled by Find Out Now on...
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 ONS data suggests that the jobs market is continuing to loosen as unemployment rises, vacancies fall again, and wage growth slows. However, pay...
Read moreResponding to the release of the EU’s draft mandate for UK negotiations on removing checks on food and drink and eliminating carbon charges, William Bain, Head of Trade Policy, said: “Firms have been patiently waiting for signs of progress on the EU reset and will be pleased to finally...
Read moreResponding to the latest inflation data published this morning by the Office for National Statistics, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “With CPI rising by 3.6% in June, off the back of fuel price changes, the daily inflation headache for businesses should not be...
Read moreAhead of her Mansion House speech tonight, the British Chambers of Commerce (BCC) is urging the Chancellor to carry out further reforms to unlock business investment. The BCC’s latest research, involving over 4,500 firms, shows business confidence remains weak and investment levels low. However, a separate BCC analysis, carried...
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