British Chambers of Commerce Monthly Economic Review (June 2017)

08
Jun


BRITISH CHAMBERS OF COMMERCE
MONTHLY ECONOMIC REVIEW JUNE 2017

Monthly headlines:

  • UK GDP growth in Q1 revised down as the trade deficit widens
  • UK consumer price inflation rises to three-year high as pay growth continues to slow 
  • Indian economic growth slows sharply as Brazil emerges from two-year recession

Rising inflation remains a key risk to UK’s growth prospects. Businesses across the UK are facing an uphill struggle to absorb the rising cost of imports – a task made more difficult by the myriad of upfront costs imposed on businesses. Against this backdrop, it is vital that the next government does more to ease the cost pressures facing firms by tackling the burden of upfront business costs, including more fundamental reform of business rates.

To read more about BCC's economic review along with the report results, please CLICK HERE.

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