Responding to the latest Bank of England interest rate decision, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Today’s interest rate cut to 3.75%, is a much-needed Christmas gift for businesses across the UK. However, unwrapping growth remains a huge challenge. “With the economy flatlining, wage...
Read moreReacting to news that the Employment Rights Bill has received Royal Assent, Kate Shoesmith, Director of Policy at the BCC, said: “It has already been a long journey for the Employment Rights Bill to become law, but we still have a considerable distance to go on this odyssey. “Royal...
Read moreReacting to news of the UK rejoining Erasmus+, William Bain, Head of Trade Policy at the BCC, said: “Businesses will be enthusiastic about the UK’s re-entry to the Erasmus+ programme from 2027. This will allow them to maximise its full benefits for training, apprenticeships, skills, further and higher education,...
Read moreReacting to the latest ONS inflation data published this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “Businesses will be cheered by the larger than expected slowing of inflation in November to 3.2%, suggesting it is now past its peak. “With unemployment on the rise and wage...
Read moreReacting to the latest labour market data from the ONS published this morning, Jane Gratton, Deputy Director of Public Policy at the British Chambers of Commerce said: “The latest data paints a gloomy picture for jobs, opportunities and growth. It reflects what businesses tell us – they are less...
Read moreReacting to the EU’s decision today on de minimis exemptions and new customs duties from 1 July 2026, William Bain, Head of Trade Policy, said: “The decision to charge a flat customs duty of €3 on each commodity code for consignments worth less than €150 entering the EU will...
Read moreReacting to the latest trade data for October from the Office for National Statistics, William Bain, Head of Trade Policy at the BCC, said: “Services export growth has been sluggish for several months and this trajectory continued in October. On goods, the rollercoaster ride of 2025 has continued with...
Read moreThe BCC has reacted to the Government’s recently released North Sea Future Plan. It commented after accompanying Aberdeen and Grampian Chamber of Commerce to HM Treasury to hand in a letter signed by 7,000 businesses and workers calling for the windfall tax to be axed. Ben Martin, Policy Manager...
Read moreThe latest British Chambers of Commerce (BCC) economic forecast suggests last month’s Budget is unlikely to kickstart the UK economy. The first forecast by a major business organisation since the Chancellor’s statement shows the UK’s growth outlook will remain subdued. The key points: UK Economic Outlook The UK economy...
Read moreReacting to news of a pharmaceuticals deal with the US, William Bain, Head of Trade Policy at the BCC, said: “The original trade deal, agreed with the US in May, promised preferential outcomes on pharmaceuticals tariffs for the UK. We are pleased to see this has now been delivered,...
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