BCC RESPONDS TO LATEST ONS LABOUR MARKET FIGURES

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…

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,…

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…

📢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…

📢NEW MEMBER ALERT – CTP Invest Slovakia📢

CTP is a full-service developer and manager of high-tech customised industrial and logistics parks. Our portfolio spans 6.6 million m² of leasable space, making us the market leader in CEE and a top five developer in Europe. Our tenant network encompasses over 700 local and global companies, from a dynamic assortment of sectors, namely manufacturing,…

SmartHead at EXPO 2020 in Dubai

SmartHead to represent sustainable innovations at EXPO 2020 in Dubai After last year’s postponement, EXPO 2020 officially began on October 1st. This time, in exotic Dubai. With its solution – the digital Sustainability Profile – SmartHead will represent innovations in the field of digitisation of corporate sustainability. The company’s SaaS product fits perfectly into 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…