After significant declines across all business conditions tracked by the BCC in Q3, most indicators have stabilised at a low level. Profitability confidence remains at Covid-crisis levels; only one in three (34%) businesses believe their profits will increase over the coming year, while more...
Urging Government to provide certainty to businesses on energy support ahead of Christmas, BCC Director General, Shevaun Haviland, said: “Just over a month ago, the Chancellor promised businesses that they would receive a plan on the future of the energy support package before the end of...
Commenting on today’s Bank of England interest rate rise, David Bharier, Head of Research at the British Chambers of Commerce (BCC), said: “Today's interest rate rise to 3.5%, while expected, adds further pressure to firms facing soaring costs from all directions. “With some evidence of inflation...
Commenting on the Office for National Statistics inflation figures for November 2022, BCC Head of Research, David Bharier, said: “Today's inflation rate of 10.7% may indicate we have passed the peak, but prices are now at a much higher level which will be felt for months...
Reacting to the latest ONS Labour Market figures, Jane Gratton, Head of People Policy at the BCC, said: “These figures show the tightness in the UK labour market is not shifting significantly. “Job vacancies remain at record highs, adding to the recessionary pressure businesses are facing. “We have...
Reacting to the ONS Trade figures for October, William Bain, Head of Trade Policy at the BCC, said: “There was a cloudy trade picture in October as goods exports fell again - well short of forecast 2022 growth. “The ONS Trade data shows a 4.7% fall in...
