Responding to the latest inflation data, published by the ONS this morning, David Bharier, Head of Research at the British Chambers of Commerce said: “Inflation easing slightly to 3.4% in May was widely expected, but this elevated level remains a real concern for businesses and confirms that price pressures...
Read moreReacting to news that the US President has signed an Executive Order on the trade deal with the UK, William Bain, BCC Head of Trade Policy, said: “News that the trade deal with the US has been agreed on automotives and jet engines will be music to the ears...
Read moreResponding to the latest ONS data on trade, William Bain, Head of Trade Policy at the BCC, said: “It’s clear there was significant front loading of goods exports to the US before April as firms looked to cushion the impact of tariffs. “We should always be cautious about reading...
Read moreResponding to the latest GDP data, published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said: “With 0.7% growth in the 3 months to April, the UK economy enjoyed a strong start to the year as firms increased trade ahead of the...
Read moreResponding to the Comprehensive Spending Review, Alex Veitch, Director of Policy at the BCC, said: “Business has been waiting for Government to show it understands the deep-rooted problems holding back our economy and how they can be solved. “Today we have seen signs they get it, with action to...
Read moreResponding to the latest labour market data, published by the ONS this morning, Jane Gratton, Deputy Director Public Policy at the British Chambers of Commerce said: “The increase in employment costs for business appears to be starting to bite with today’s data showing a rise in unemployment. “This year’s...
Read moreThe BCC is urging Government to help business boom as it considers its future spending plans. As the Comprehensive Spending Review looms this Wednesday it has set out the key asks that business believe can help grow the economy. These include: Get Britain Thriving Get Britain Working Get Britain...
Read moreResponding to confirmation that new US tariffs on steel and aluminium should not affect UK exports, William Bain, the BCC’s Head of Trade Policy, said: “UK firms exporting steel or aluminium goods to the US will be relieved that tariffs will not double today. They now at least have...
Read moreThe British Chambers of Commerce (BCC) Quarterly Economic Forecast (QEF) has increased growth predictions for 2025, but the UK economy will remain sluggish. Better-than-expected business investment in Q1 is forecast to boost GDP across 2025. Inflation is projected to increase further in the coming months, before slowing to 2%...
Read moreThe British Chambers of Commerce (BCC) has urged the Government to swiftly act to protect Britain’s domestic bioethanol industry. It follows warnings from the UK’s two largest producers that the removal of tariffs on US imports could leave them unable to compete. Vivergo Fuels in Hull and Ensus in...
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