News Archives

EU Barometer: Firms ‘want in’, but not ‘further in’

As heads of government gather in Brussels to discuss economic growth proposals, the British Chambers of Commerce (BCC) has published its latest EU Business Barometer, tracking attitudes to Britain’s place in the European Union. The latest survey of 3,500 businesses shows that firms continue to see a recast UK-EU relationship, with Britain remaining on the inside, as most favourable. More than

Written on 17th December 2014Lillie Geistdorfer. Published in BCC, Current Issues, Economy, Exporting, Lobbying, News, Survey

Falling inflation good for recovery support

Falling inflation makes it easier for the Bank of England Monetary Policy Committee to support recovery, says the British Chambers of Commerce. Annual CPI inflation in November 2014 was 1.0%, down from 1.3% in October – the lowest rate since Sept 2002 Falls in transport costs (notably motor fuels, air transport and second hand cars) and in the prices of recreational and cultural

Written on 16th December 2014Lillie Geistdorfer. Published in BCC, Economy, News

Funding for Lending drops

British banks and building societies drew down £2.0bn in Q3 2014 from the Funding for Lending Scheme Net lending to SMEs fell by £128m in Q3 2014 A second wave of research on the ‘Business Banking Insight’ website will be launched on 28 November 2014. Commenting on today’s Funding for Lending figures, published by the Bank of England, John Longworth, Director General at the British

Written on 27th November 2014Lillie Geistdorfer. Published in BCC, News

BCC: Reducing public sector borrowing remains a challenge

 During the first seven months of the financial year 2014/2015 (April to October), public sector net borrowing, excluding public sector banks, was £3.7bn higher than in the same period last year In October 2014, public sector net debt, excluding public sector banks, was 79.5% of GDP Commenting on the public sector finances for October 2014, published today by the ONS,

Written on 21st November 2014Lillie Geistdorfer. Published in BCC, News

BCC: Strong retail sales reinforce signs that recovery remains on course

 Retail sales volumes in October 2014; up 0.8% on the month, up 4.3% on the year Average store prices fell in October 2014 by 1.5% compared with October 2013, the largest decline since December 2002 Commenting on the retail sales figures for October 2014, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC)

Written on 20th November 2014Lillie Geistdorfer. Published in BCC, News

BCC: Job figures remain strong but still signal a modest slowdown

In the three months June to August 2014, employment rose by 46,000 compared with the previous three months, the smallest quarterly increase since spring 2013 Unemployment fell by 154,000 compared with the previous three months The unemployment rate for June to August 2014 was 6.0%, the lowest since late 2008 Youth unemployment fell to 16.0% down from 17.7% in the

Written on 15th October 2014Lillie Geistdorfer. Published in BCC, Employment, News

India awaits BCC members as they prepare for Chamber trade mission

To coincide with its International Trade Conference (9 October), the British Chambers of Commerce is leading a trade mission to India (7-12 October) with a group of businesses seeking to grow their exports to the subcontinent. The delegation will visit Mumbai, where thanks to the support of the UK India Business Council, they will have the opportunity to connect with

Written on 3rd October 2014Lillie Geistdorfer. Published in BCC, News