Responding 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: “The ongoing impact of business cost pressures, most notably from the national insurance hike, continues to hit the labour market. “Unemployment remains...
Read moreCommenting on the latest ONS trade data, BCC Head of Trade Policy, William Bain, said: “The first month of reduced automotive tariffs has had a positive effect on US exports alongside more certainty on the outlook for other manufactured goods sectors. “But far more work is needed on US...
Read moreResponding to the latest GDP data published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Today’s data shows the UK economy had a subdued summer, with limited growth in the three months to July, and 0% in the month alone. “The...
Read moreThe latest British Chambers of Commerce (BCC) economic forecast has upgraded growth expectations for 2025. But overall, the outlook remains subdued. The forecast shows: UK Economic Outlook The UK economy is expected to grow by 1.3% in 2025, revised up from the previous forecast of 1.1%. This upgrade reflects...
Read moreResponding to today’s speech by EU Relations Minister, Nick Thomas-Symonds – William Bain, Head of Trade Policy at the British Chambers of Commerce said: “A strong agri-food deal will remove costs, red tape and delays for UK businesses trading in food and plant products with the European Union. “Firms...
Read moreReacting to the latest inflation data published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “The inflation warning lights continue to flash, with July’s rate being slightly higher than most analysts had forecast. Prices are now rising at the fastest rate...
Read moreResponding to the latest GDP data published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Better than expected data for both Q2 and the month of June are welcome – but the numbers mask the underlying pain being felt by businesses...
Read moreUK Exports To US Hit 3-Year Low Commenting on the latest ONS trade data, BCC Head of Trade Policy, William Bain, said: “Tariff effects are clearly being felt by companies exporting to the US. Total goods exports across the Atlantic for Q2 2025 were 13.5% lower than a year...
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: “With businesses feeling the heat from a raft of cost-pressures, a larger easing of average earnings, including bonuses, to 4.6% in...
Read moreResponding 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....
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