BCC reacts to latest Labour Market Figures

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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 

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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

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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 /…

Four in Ten UK Exporters Reporting Decreased Sales in Q1 2021

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Balance of UK firms reporting increased export sales drops, despite already being at historically low levels. Hospitality firms, caterers, retailers and wholesalers all most likely to report decreased sales. Advance bookings and export orders show no signs of improvement, indicating that recovery is distant The British Chambers of Commerce’s Trade Confidence Outlook for Q1, released today, has revealed the stark issues facing UK exporters in the first months of this year. The survey of more…

STATEMENT: HIS ROYAL HIGHNESS PRINCE PHILIP THE DUKE OF EDINBURGH

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At the British Chamber of Commerce in Slovakia, we are deeply saddened by the passing of His Royal Highness Prince Philip, The Duke of Edinburgh earlier today. Our thoughts and condolences are with Her Majesty The Queen and the Royal Family. His Royal Highness, as the longest-serving consort of a reigning British monarch, devoted his…

BCC reacts to latest GDP and trade figures  

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Commenting on GDP figures for January 2021 published today by the ONS, BCC Head of Economics, Suren Thiru, said:   “The latest data confirms a better than expected start to the year for the UK economy as the third lockdown and post-Brexit border disruption combined to trigger only a relatively modest decline in economic activity in January.    “The vaccine rollout and budget stimulus will boost output as restrictions…

BCC welcomes new Brexit support fund for SMEs 

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Commenting on the announcement of the fund, Suren Thiru, Head of Economics at the BCC, said:   “This is a welcome first step in dealing with some of the major issues that small businesses trading with the EU are facing. With their finances already under a significant squeeze firms, particularly those which export, are inevitably encountering difficulties in adapting to the complexities of…