Responding to reports that the Chancellor is preparing to support expansion plans at three UK airports, Shevaun Haviland, Director General of the British Chambers of Commerce, said: “Expanding the UK’s airport capacity is vital to driving economic growth and it remains a top priority for business. “We wholeheartedly support...
Read moreReacting to the latest GDP data released this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “With no growth in the three months to November 2024, and a very limited uptick for the month itself, it’s clear that the UK economy continues to be stuck...
Read moreReacting to the latest inflation data released this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “Today’s slight dip in the inflation rate is welcome but it’s not a game-changer. Underlying price pressures within the economy are clear following the Budget. The path ahead on...
Read moreAn independent taskforce has met for the first time to ensure the North Sea’s strategic transition from oil and gas to a renewable future, while safeguarding up to 200,000 jobs. The North Sea Transition Taskforce brings together a diverse group of experts from industry, sustainability, supply chains, academia, and...
Read moreThe British Chambers of Commerce (BCC) Insight Unit’s latest Quarterly Recruitment Outlook (QRO) reveals less than a quarter of firms increased their workforce in the final three months of 2024. The survey shows 24% of responding businesses said they had increased their staffing numbers over the last three months,...
Read moreIn the largest poll of business sentiment since October’s Budget, the BCC’s Quarterly Economic Survey, shows concern about tax, including national insurance, has spiked. Following the Chancellor’s autumn statement, 63% of firms cited it as a worry (compared with 48% in Q3), the highest level on record. Concern about...
Read moreA new survey by the BCC’s Insights Unit of 1,111 businesses (92% SMEs) shows the urgency for the Government to reset trade relations with the EU is increasing. The BCC report, assessing the fourth year of Brexit, identifies fresh challenges as regulations continue to diverge, creating further headaches for...
Read moreReacting to the latest interest rate decision, Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “With inflation ticking up and wage growth accelerating, it’s unsurprising the Bank of England is adopting a cautious approach by holding interest rates at 4.75%. “Our recent forecast suggests further cuts...
Read moreReacting to the latest inflation data released this morning, David Bharier, Head of Research at the British Chambers of Commerce, said: “A slight ticking-up of the CPI to 2.6% shows that inflation remains a threat to the UK economy. The Bank of England is likely to remain cautious and...
Read moreEducation Secretary and Business Secretary host call with business leaders from a range of key sectors to outline how the Plan for Change will deliver for them. The government will enlist the help of business to help it develop skills opportunities to meet the government’s mission to kickstart economic...
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