New generation of exporters needed to power economic growth – BCC Trade Manifesto

The British Chambers of Commerce has set out its manifesto to recruit legions of new UK exporters as its research continues to show poor overseas trade growth: In Q4 of 2021, just over a quarter of exporting firms (29%) saw their overseas sales increase Almost half (47%) saw no change, and a quarter (24%) reported a decrease This is despite substantially more firms reporting improved domestic conditions,…

Quarterly Economic Survey Q4 2021: Recovery weakening as inflation worries soar

·                   58% of firms expect their prices to increase in the next three months, the highest on record. 66% of businesses cited inflation as a concern, also a record high  ·                   1 in 4 (27%) firms were worried about rising interest rates, as concerns over rate hikes among manufacturers reach record high   ·                   Just under…

Commenting on today’s interest rate decision by the Bank of England’s Monetary Policy Committee, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

“The Bank of England’s decision to raise interest rates was surprising given mounting uncertainty over the economic impact of the Omicron variant. While today’s rate increase may have little effect on most firms, many will view this as the first step in a longer policy movement – not as a partial reversal of last year’s…

Curfew will be valid at night; family gatherings allowed

Restaurants remain closed. Compiled by Spectator The government approved another round of milder measures. From December 17, people will be allowed to visit each other. The cabinet approved gatherings up to a maximum of six people, or for members of one household. This comes after Health Minister Vladimír Lengvarský told the public last week that…

BCC Reacts to Latest ONS Inflation Figures

Commenting on the inflation statistics for November 2021, published today by the Office for National Statistics, Head of Economics at the BCC Suren Thiru, said:  “The latest figures confirms that the surge in inflation continued unabated in November.   “The increase largely reflected higher fuel prices and strong base effects which pushed up clothing and footwear prices in comparison with November 2020. Stronger growth in…

BCC says October Trade data a warning sign

Reacting to the latest ONS Trade figures, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “The recent uplift in trade with the EU following a difficult start to 2021 is not being sustained, and in October tipped into reverse. “This is a warning sign. Although the data is a one-month snapshot it feeds into a detectable trend of a levelling off…

📢NEW MEMBER ALERT – GPI EUROPE📢

“The GPI Group was established in September 1990 and GPI Europe a.s., a dedicated and regulated company in Europe registered in Bratislava Slovakia, commenced in January 2017.Our focused aim is to bring financial advice all people irrespective of their current financial position.We are dedicated to bringing trusted advice based upon a skilled assessment of present…

BCC says new EU Export Support Service must add value

William Bain, Head of Trade Policy at the BCC, said:   “Business has been pointing out the daily difficulties firms, large and small, have had with the new trading terms for EU exports since they started on 1 January.   “Many have found themselves wrestling with issues around VAT, export health certificates, and origin certification for the first time.  “The Chambers Network and ChamberCustoms were ready on day one…

BCC responds to LOTO Speech at Labour Party Conference

Shevaun Haviland, Director General of the British Chambers of Commerce, said:  “The Leader of the Opposition is right to focus on business conditions that would help small and medium-sized firms. Businesses will welcome the focus on digital skills, investment in R&D and the need to make Brexit work. However, despite the warm rhetoric, what firms really need are concrete, costed proposals and meaningful detail on delivery.”  On Skills:  “The…

BCC Forecast: business investment set to be left behind in record economic recovery 

UK business investment is expected to decline this year despite the prospect of record economic growth, according to the British Chambers of Commerce (BCC) economic forecast.  The leading business group predicts UK GDP growth for 2021 of 7.1%, which, if realised, would be the strongest outturn since official records began in 1949.1    Following robust GDP growth…