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BCC Forecast: Trade to drag on the recovery as supply disruption weakens outlook

10 December in Business News, Chamber News by Chamber of Commerce

The UK economy will grow at a slower pace than expected with trade set to lag significantly behind the wider recovery, according to the British Chambers of Commerce’s (BCC) latest economic forecast.  UK Economic Outlook – 2021  The leading business group has downgraded its expectations for UK GDP growth in 2021 from 7.1% to 6.8%. The downgrade reflects the expectation that the UK's economic recovery will stall in the final...

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Plan B Announcement Response from BCC

09 December in Business News, Chamber News by Chamber of Commerce

Baroness Ruby McGregor-Smith, CBE, President of the British Chambers of Commerce, said:  “We have been calling on the UK Government for several months to set out what contingency plans for business would look like if further restrictions were needed this winter. Yet again, firms are now being asked to make changes at the very last minute. Restrictions will also impact on...

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CHAMBER NETWORK DEEPLY DISAPPOINTED AT MISSED OPPORTUNITY ON RAIL IMPROVEMENT PLANS

18 November in Business News, Chamber News, Transport by Chamber of Commerce

Reacting to the news that the eastern leg of HS2 and Northern Powerhouse Rail will no longer proceed as planned, Shevaun Haviland, Director General of the BCC, said: “This will be huge disappointment to the thousands of businesses that were relying on HS2 and NPR to fire up economic regeneration...

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North deserves better on rail than to be treated with disdain say South Yorkshire business leaders

18 November in Business News, Chamber News, External Affairs, Transport by Chamber of Commerce

Responding to the publication of the Integrated Rail Plan (IRP) today, the leaders of South Yorkshire's Chambers of Commerce said in a joint statement: There are some positives to draw from today's statement by government. The news that Midland Mainline electrification to South Yorkshire is now...

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BUSINESS AND GOVERNMENTS MUST UNITE TO HIT NET ZERO TARGET

04 November in Business News, Chamber News by Chamber of Commerce

Nine out of 10firms have not done any assessment on a series of key strategies for managing a sustainable transition to net zero Two thirds (61%)said either capital grants or tax allowances would do most to encourage them to reduce their carbon consumption in the long term. Most firms recommend...

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