Economy on a knife edge as inflation keeps climbing

Commenting on the Office for National Statistics inflation figures for May 2022, Head of Research at the BCC, David Bharier, said:    “The further increase in Consumer Prices Index inflation to 9.1% underscores the severe pressure that businesses and households are under.   “In early 2021, firms were already flagging huge spikes in raw material and shipping container costs…

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British Chambers of Commerce call for real change for businesses

The British Chambers of Commerce (BCC) is calling for agreements reached at the World Trade Organisation Ministerial Conference to be translated into real change for businesses.  Following the conclusion of the conference on Thursday night, William Bain, Head of Trade Policy at the BCC, said: “The most important decision for many firms will be the…

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Upswing in trade must be sustained

Responding to the latest ONS Trade figures released today, William Bain, Head of Trade Policy, said:  “It is heartening to see an increase in the rate of exports to the EU and the rest of the world. Nevertheless, continued progress is needed to meet the Office of Budget Responsibility’s (OBR) forecast of a net increase…

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