UK economic growth is expected to halve this year amid soaring inflation, major tax rises, and global shocks - including Russia’s invasion of Ukraine. UK Economic Outlook – 2022 The British Chambers of Commerce has downgraded its expectations for UK GDP growth in 2022 to 3.6%, from 4.2%...
Responding to the Prime Minister’s statement to Parliament on the ‘Living with Covid’ strategy, BCC Co-Executive Director, Claire Walker, said: “Businesses will welcome the ambition of the Prime Minister, which inches us closer to pre-pandemic trading conditions. However, for many firms, this move will not be without its challenges...
71% of exporters say EU trade deal is not enabling them to grow or increase sales Only 1 in 8 exporters think it is helping them grow or increase sales Majority think it has pushed up costs, increased paperwork and delays, and put the...
Under a new scheme, businesses across Barnsley who could not access previous rounds of COVID-19 financial support are set to benefit from automatic business rates relief. The COVID-19 Additional Relief Fund will target businesses established before the start of the pandemic that have not been able...
Commenting on the inflation statistics for January 2022, published today by the Office for National Statistics, Head of Economics at the BCC Suren Thiru, said: “Rising inflation highlights both the cost-of-living crisis facing households and the uphill struggle for businesses to keep a lid on price rises...
73% of firms in a new survey say they are raising prices in response to rising costs More than 3 in 5 (62%) cite soaring energy bills as driving factor, rising to 75% for manufacturers 63% site increased wage bills as driving prices rises ...
