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…
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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…
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…
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…
On Thursday 18th of March 2021, Slovak President Zuzana Čaputová opened the “Race to Zero in Slovakia: Business” virtual conference together with the British Ambassador to Slovakia, Nigel Baker and with UK High Level Champion for Climate Action, Nigel Topping. In her speech, the president underlined the importance of collective effort in achieving net zero. “For…
Ahead of the UN Climate Change Conference COP26 in Glasgow in November 2021, the British Embassy and the British Chamber of Commerce will launch the Race to Zero in Slovakia campaign on 18 March at a virtual event to inspire businesses to commit to net zero emissions by 2050. We are honoured that “The Race…
New global strategy – Reimagine – announced for the British company under the leadership of Chief Executive Officer, Thierry Bolloré A sustainability-rich reimagination of modern luxury, unique customer experiences, and positive societal impact Start of journey to become a net zero carbon business by 2039 Reimagination of Jaguar as an all-electric luxury brand from 2025…
Our Chamber was the first to join the race to zero campaign from Slovakia because we firmly believe that “climate action is everyone’s business”. Ahead of the UN Climate Change Conference COP26 in Glasgow in November 2021, the main objective is to build momentum around the shift to a decarbonized economy, where governments must strengthen their…
Prince Charles wants companies to join what he is calling “Terra Carta” – or Earth charter. The Prince of Wales is urging firms to back a more sustainable future and do more to protect the planet, as he marks 50 years of environmental campaigning. Terra Carta will harness the “irreplaceable power of nature”, the prince…