Category Archives: Business News
Business News
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New energy support package falls short for struggling UK businesses
Following today’s announcement from Government on a new energy support package for businesses, BCC Director General, Shevaun Haviland, said: “Despite Government efforts, an 85% drop in the financial envelope of […]
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South Yorkshire Chambers of Commerce call on government not to ‘level down our infrastructure’ as businesses experience tough fourth quarter
On the publication of the South Yorkshire Infrastructure Survey, powered by the Quarterly Economic Survey for Q4 2022, the CEOs of Barnsley & Rotherham, Doncaster and Sheffield Chambers of Commerce […]
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No Signs of Business Recovery – BCC Quarterly Economic Survey Q4 2022
After significant declines across all business conditions tracked by the BCC in Q3, most indicators have stabilised at a low level. Profitability confidence remains at Covid-crisis levels; only one in […]
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Businesses set for broken promises from Government this Christmas
Urging Government to provide certainty to businesses on energy support ahead of Christmas, BCC Director General, Shevaun Haviland, said: “Just over a month ago, the Chancellor promised businesses that they […]
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Interest rate rise increases pressure on businesses facing soaring costs
Commenting on today’s Bank of England interest rate rise, David Bharier, Head of Research at the British Chambers of Commerce (BCC), said: “Today’s interest rate rise to 3.5%, while […]
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Inflation Likely Peaked But Damage Remains
Commenting on the Office for National Statistics inflation figures for November 2022, BCC Head of Research, David Bharier, said: “Today’s inflation rate of 10.7% may indicate we have passed the […]
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NO RELIEF FOR BUSINESS IN TIGHT LABOUR MARKET
Reacting to the latest ONS Labour Market figures, Jane Gratton, Head of People Policy at the BCC, said: “These figures show the tightness in the UK labour market is not […]
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MURKY PICTURE FOR UK TRADE AS GOODS EXPORTS FALL AGAIN
Reacting to the ONS Trade figures for October, William Bain, Head of Trade Policy at the BCC, said: “There was a cloudy trade picture in October as goods exports fell […]
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OCTOBER GROWTH UNLIKELY TO HALT RECESSION
Reacting to the ONS GDP figures for October, David Bharier, Head of Research at the BCC, said: “The monthly growth in GDP for October of 0.5% is overshadowed by the […]
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BCC Economic Forecast: Long road to recovery after more than a year of recession
The BCC expects the UK economy to remain in recession for five quarters before an anaemic recovery in 2024, but inflation has likely peaked at 11%. UK Economic Outlook The […]
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