BCC SAYS MANY BUSINESSES FACE DIFFICULT WEEKS AHEAD DESPITE PLAN FOR SELF-ISOLATION EXEMPTIONS

Responding to an update on possible self-isolation exemptions for key workers in critical services, Hannah Essex, Co-Executive Director of the BCC, said:  “While the announcement of a process which may exempt select critical workers from self-isolation in England will be a relief to some businesses, it will leave many more still facing critical staff shortages and lost revenue as the…

BCC Calls for Negotiated Settlement Following Latest NI Protocol Announcement

Responding to the announcement of the new UK approach to the Northern Ireland Protocol, William Bain, Head of Trade Policy at the BCC, said:   “Businesses in both Great Britain and Northern Ireland need durable, workable, negotiated solutions on compliance with the Protocol to ensure the continued two-way flow of goods East-West and North-South. The UK and EU governments need to work together to find…

BCC Research: Nearly 3 in 4 Exporters Report No Sales Growth in Q2

Proportion of UK exporters reporting increased export sales (27%) rises from Q1, but proportion reporting decreased sales (28%) remains historically high  Manufacturing exporters were more likely to see rising sales than exporting services firms  B2C services exporters more likely to see sales fall, but neither B2C nor B2B seeing significant sales growth  Respondents cited issues with UK-EU TCA as a major barrier to growing…

BCC RESPONDS TO ONS LABOUR MARKET STATS FOR JULY

Commenting on ONS Labour Market statistics for July 2021 published today, BCC Head of Economics, Suren Thiru, said:  “The significant rise in payroll employment suggests that UK jobs market continued to improve as the economy gradually reopened.   “Surging demand for labour amid the economy unlocking, the rapid vaccine rollout and continued government support helped drive higher payroll employment…

BCC SAYS QUESTIONS REMAIN AS GOVERNMENT SETS OUT PLANS FOR REOPENING

Reacting to the Prime Minister’s statement today, Shevaun Haviland, Director General of the BCC, said:    “This is a much-needed step on the road to normality and we welcome the Prime Minister setting out the direction of travel in advance of reopening.  “But businesses in England still do not have the full picture they desperately need to plan for unlocking.  “Much remains in the balance, firms do not yet know the future of self-isolation rules, if testing will remain…

Quarterly Economic Survey Q2 2021: Marked Improvement in Business Conditions but Inflation Concerns Hit Record Highs

Significantly more firms reporting improvements in key indicators, such as domestic sales and business confidence with some measures returning to pre-pandemic levels  However, these rises come from the lowest base in the 31-year history of the QES, and business conditions remain fragile  The balance of manufacturers expecting to increase their prices hits the highest level in the history of the QES dataset, while the proportion of businesses citing inflation as a…

BCC reacts to latest Labour Market Figures

Commenting on ONS Labour Market statistics for May 2021 published today, BCC Head of Economics, Suren Thiru, said:  “The decline in the unemployment rate and the rise in payroll employment is further confirmation that the UK jobs market is now more resilient to the ongoing restrictions.  “Continued government support and the easing of restrictions as the UK moved to step two of the government’s roadmap helped drive higher payroll employment in April.   “The rise…

BCC reacts to latest GDP figures 

Commenting on GDP figures for Q1 2021, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:   “While the UK economy contracted in the first quarter, the downbeat headline figure masks a renewed momentum through the quarter from January’s drop in output to an exceptionally strong March outturn as lockdown measures started to…

Statement by Vice-President Maroš Šefčovič following his meeting with Lord David Frost

Brussels, 16 April 2021 Vice-President Maroš Šefčovič, EU Co-Chair of the Withdrawal Agreement Joint Committee,held an informal meeting yesterday evening in Brussels with Lord David Frost. The meeting took place in a constructive, solution-driven atmosphere. It forms part of the EU’s overall intense efforts to find joint solutions to ensure that the Protocol on Ireland /…