Nearly 2 in 3 (62%) firms expect to raise prices, a new historical high More than 3 in 4 (77%) cite inflation as a growing concern for their business, also an historical high Indicators for cash flow weaken as cost of doing business crisis escalates The BCC’s Quarterly Economic Survey (QES) for Q1 2022 – the UK’s largest independent…
Guidance Using the UKCA marking The UKCA (UK Conformity Assessed) marking is a new UK product marking that is used for goods being placed on the market in Great Britain (England, Wales and Scotland). It covers most goods which previously required the CE marking, known as ‘new approach’ goods. The UKCA marking came into effect on 1 January 2021. However,…
The British Chambers of Commerce (BCC) is urging the Chancellor to take bold and decisive action in his Spring Statement to tackle the escalating cost of doing business crisis. As global and domestic headwinds mount following the invasion of Ukraine, the BCC believes he must act now to protect the UK from a renewed economic…
Commenting on the ONS Labour Market statistics for March 2022, BCC Head of Economics, Suren Thiru, said: “Rising payroll employment and declining unemployment suggests that demand for workers remains robust despite growing headwinds. “Although there was a modest pick-up in regular pay growth, wages are still comfortably trailing behind inflation, which is putting the brakes on consumer spending by eroding…
Commenting on the data, Head of Trade Policy at the BCC, William Bain, said: “Significant changes in the way ONS collects data make month by month comparisons especially difficult now, but it is noteworthy that exports to the EU continued to fall in January this year. “ONS business insights and conditions data match our own, suggesting more…
UK economic growth is expected to halve this year amid soaring inflation, major tax rises, and global shocks – including Russia’s invasion of Ukraine. UK Economic Outlook – 2022 The British Chambers of Commerce has downgraded its expectations for UK GDP growth in 2022 to 3.6%, from 4.2% in its previous forecast in December 2021 and…
Press release – Cushman & Wakefield Retail sector showing signs of improving liquidity across the whole CEE region Price improvements with yield compression seen in all segments of the market Almost 20% price growth for industrial assets Bratislava, 21 February 2022 – In 2021, commercial property investment volumes in CEE continued to trend upwards, increasing…
· 71% of exporters say EU trade deal is not enabling them to grow or increase sales · Only 1 in 8 exporters think it is helping them grow or increase sales · Majority think it has pushed up costs, increased paperwork and delays, and put the UK at a competitive disadvantage. New research* carried…
Renewed flights with Eurowings from Kosice Košice, 16th February 2022 Eastern Slovakia welcomes direct flights to Germany after a two years break. The German low-cost airline Eurowings, based in Düsseldorf, which is a member of the Lufthansa group, will renew its operations from 15th April, 2022 and will fly from Košice to Düsseldorf. Eurowings will fly…
“While assistance for households is welcome, businesses will be dismayed at the lack of support for those firms also struggling with their energy bills. Many have already been hit by steep rises, with further significant spikes expected as existing fixed tariff contracts come to an end in the coming months. “Smaller firms are particularly exposed as they have…