Reacting to the Bank of England’s latest interest rate decision, David Bharier, Head of Research at the British Chambers of Commerce, said: “Today’s decision was widely expected, and it’s clear the Bank of England is taking a cautious approach before making a much-anticipated rate cut. “Yesterday’s data showing CPI...
Read moreResponding to the latest inflation data published by ONS, David Bharier, Head of Research at the British Chambers of Commerce, said: “Today’s data showing CPI easing to the Bank of England’s 2% target, is a further sign that the UK is exiting the inflation crisis which began in late...
Read moreResponding to the latest trade data published by the ONS this morning, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “Services continue to perform particularly well among UK exports, with solid increases in the past three months. Goods exports performed less well in April,...
Read moreResponding to the latest GDP data published by ONS this morning, David Bharier, Head of Research at the British Chambers of Commerce, said: “While there was no growth in April, it’s important to focus on the broader trend, rather than volatile monthly movements. “Growth of 0.7% in the three...
Read moreResponding to the latest labour market data published by the ONS this morning, Jane Gratton, Deputy Director of Public Policy at the British Chambers of Commerce said: “There are further signs that the labour market is cooling as vacancies continue to fall and unemployment ticks up. However, this has...
Read moreThe British Chambers of Commerce (BCC) Quarterly Economic Forecast has slightly upgraded growth expectations for 2024 and 2025, following a stronger start to the year. However, the forecast for 2026 remains unchanged. UK Economic Outlook The UK economy is expected to continue its recovery after the short recession at...
Read moreThe British Chambers of Commerce has launched its Digital Revolution report outlining a framework to create a connected, dynamic and secure future for UK businesses. Among the recommendations are: The Digital Revolution report is a key part of the BCC’s Election Manifesto focusing on the ‘Future of the Economy’...
Read moreA five-point plan for immediate action by the new government is at heart of the British Chambers of Commerce Election Manifesto. The BCC wants to see: The five-point plan is part of the BCC’s ‘Future of the Economy’ manifesto. The manifesto includes the biggest ideas from a series of...
Read moreReacting 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...
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