News Archives

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

Autumn Statement – Chamber Reaction & Overview

A summary of the main points raised in the Autumn Statement are listed below our official response. Andrew Lindsay, Chairman of West & North Yorkshire Chamber of Commerce, said: “The announcement to review business rates is long overdue – welcome, but still overdue. And if our calls for this had been answered a few years ago, we wouldn’t have had

Written on 4th December 2014Lillie Geistdorfer. Published in Current Issues, Economy, News

Overtime ruling costly

As this item made national news recently, most businesses will already be aware – we’re just flagging it up to underline its importance. Payments for regular overtime should be taken into account by employers when calculating holiday pay. An Employment Appeal Tribunal (EAT) has ruled that employee claims for holiday pay can only be backdated for the previous three months; there had

Written on 11th November 2014Lillie Geistdorfer. Published in Current Issues, Economy, News

Staff training investment – key to productivity boost

The British Chambers of Commerce organisation is calling on businesses to invest in workforce training as a key driver for economic success and improved productivity performance. The national Chamber body has published further findings from its 2014 Workforce Survey: Training and Skills. Results show that 92% have identified a skills shortage among staff in at least one key competency. The most

Written on 11th November 2014Lillie Geistdorfer. Published in Current Issues, Economy, Employment, Lobbying, News

Bank of England Economic Briefing – 27 Nov

Businesses in Bradford will get a detailed briefing on the regional and national economy from the Bank of England on Thursday 27 November.  Places are still available for this annual briefing. The Bank’s regional agent and deputy agent for Yorkshire, Juliette Healey and Will Holman, will present the latest forecasts for growth and inflation, give an indication on when rate

Written on 11th November 2014Lillie Geistdorfer. Published in Current Issues, Economy, News

Quarterly Economic Survey Qtr4 2014 – Add Your Voice

Please add your views to the latest quarterly economic survey to support relevant fact-finding about the local economy and connected businesses working here. The QES can be completed in just two minutes, but provides important data that is useful for many policy-makers and other influencers, locally and nationally. Please complete the survey here. (before Wed 3 December 2014) The findings

Written on 10th November 2014Lillie Geistdorfer. Published in Current Issues, Economy, Lobbying, News, Survey

Pay and growth going in right direction, says survey

Findings from a national Chamber survey show that many businesses have increased employees’ pay over the last year, and most remain optimistic about growing their workforce over the next 12 months. The survey of almost 3,000 businesses revealed that SMEs and those in IT, energy and construction are most positive about creating new jobs.  Also, small firms are more likely

Written on 29th October 2014Lillie Geistdorfer. Published in Current Issues, Economy, Employment, Lobbying, News

Westfield the catalyst, says hotel group

Progress being made on the Westfield shopping centre site in the heart of Bradford is already helping to boost city centre footfall and visitor numbers. Confirming what many have predicted for the last few years, the owners of the Midland Hotel, right next to the Westfield Broadway site, have said that the building work has already helped contribute to the group’s

Written on 16th October 2014Lillie Geistdorfer. Published in Current Issues, Economy, News