Archive for August 2022
Government is running out of time to support businesses in urgent need
The British Chambers of Commerce (BCC) has written to the Prime Minister, Chancellor of the Exchequer and both leadership candidates for the Conservative Party proposing a comprehensive five-point plan to provide vital support to UK businesses. The BCC five-point plan to support businesses includes the following measures: 1. Ofgem to be given more power to strengthen…
Read MoreFurther inflation increase hammering business and long-term growth
Commenting on the Office for National Statistics inflation figures for June 2022, Director of Policy and Public Affairs, Alex Veitch, said: “The rise in Consumer Prices Index inflation to 10.1% is the tenth monthly increase in a row and another record high. “This higher than expected inflation increase, alongside eye-watering energy prices, this confirms the…
Read MoreUnfilled vacancies is a ticking timebomb
Commenting on the latest ONS Labour Market statistics released today, BCC Head of People Policy, Jane Gratton, said: “The labour market remains incredibly tight adding to the growing list of concerns businesses are facing. This is a ticking timebomb for firms up and down the country. “Today’s figures show little improvement for employers over the…
Read MoreOverseas trade sinks as economic headwinds gain strength
Responding to the latest ONS data on the UK’s trade figures, William Bain, Head of Trade Policy at the BCC, said: “June’s trade data ended what was a strong second quarter of the year overall with a damp squib. “The 8% fall in goods exports values in June was driven by a range of factors…
Read MoreChamber backs Leeds’ bid to host Eurovision 2023
On Friday 12th August, Leeds was named as one of seven cities shortlisted to host the 2023 Eurovision Song Contest. The UK was chosen to host after organisers made the difficult decision that the contest could not be staged by 2022 winners Ukraine due to the ongoing war with Russia. UK artist Sam Ryder was…
Read MoreInterest rate rise unlikely to ease inflationary pressure
Commenting on today’s Bank of England interest rate rise, David Bharier, Head of Research at the British Chambers of Commerce (BCC), said: “This rise is the clearest signal yet of the Bank of England’s intention to get inflation under control. Spiralling prices are cited by businesses as by far and away the top concern right…
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