Archive for April 2022
Chamber head involved in UK/US trade dialogues
BCC DG, Shevaun Haviland, has spoken today at the UK/US trade dialogues in Aberdeen – to seek better trade ties with the US. Ms Haviland has called for an ambitious approach that prioritises sustainability, stabilises supply chains, and reduces costs for thousands of smaller businesses on both sides of the Atlantic. She said: “As a…
Read MoreYork business group looks down the road at obstacles
One of York’s key business groups has met to consider the upcoming challenges to economic growth. The Leadership Group of York & North Yorkshire Chamber of Commerce has discussed challenges and opportunities facing businesses further down the road. The group was joined by the British Chambers of Commerce Head of Economics, Suren Thiru, ahead of…
Read MoreUK economic growth loses momentum
Commenting on the latest ONS GDP figures for February 2022, published today, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “While economic output continued to rebound in February, the significant slowdown in growth indicates that the UK economy was losing steam even before the impact of Russia’s invasion of…
Read MoreTrends still point to lack of sustained boost to exports
UK trade data from the ONS remained volatile in February 2022 as changes in data collection methods unwind. The figures for February 2022 reported a 25% increase in exports (following a 22% decline the previous month). Comparing the last 3 months data together with that over the same period 4 years ago reveals that exports…
Read MoreEnergy strategy – business needs support now
Alex Veitch, Director of Policy and Public Affairs at the BCC, said: “The Government’s Energy Strategy is a welcome step in the right direction which will help meet our Net Zero targets and reduce firms and households’ exposure to volatile global energy markets in the long term. “The first step in any energy…
Read MoreHundreds of millions of pounds worth of contracts available to build world’s biggest carbon capture project at Drax
Drax is teaming up with Worley, NOF, and the West & North Yorkshire and Hull & Humber Chambers of Commerce to deliver a series of events that will provide British businesses with further information about how they could win contracts to deliver its vital carbon removal technology, bioenergy with carbon capture and storage (BECCS). Renewable…
Read MoreSupply side challenges providing strong headwinds to growth
The latest economic report from Chambers of Commerce in West & North Yorkshire highlights significant concerns over rising inflation from raw materials and energy. Recruitment challenges too are adding further costs as companies plan for growth. And yet, despite all of these head winds underlying domestic demand remains strong for the moment with early signs…
Read More