News

‘Ill-judged’ interest rate rise risks undermining confidence, says BCC

Commenting on today’s interest rate decision by the Bank of England’s Monetary Policy Committee, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The decision to raise interest rates, while expected, looks ill-judged against a backdrop of a sluggish economy. While a quarter point rise may have a limited long-term financial […]

BCC: UK remains on lacklustre growth trajectory despite Q2 improvement

Commenting on the first estimate of GDP for Q2 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said “While there was a welcome uptick in GDP growth in the second quarter, the figures have been flattered somewhat by a very weak first quarter, and so […]

BCC: Cut tax complexity and ‘red tape’ holding back businesses

The vast majority of UK businesses believe the cost of complying with the UK tax system has escalated over recent years, according to new research released today (Wednesday) by the British Chambers of Commerce (BCC) in partnership with Avalara. A survey by the BCC of over 1,100 firms from across the UK found that three […]

BCC comments on inflation figures

Commenting on the inflation statistics for June 2018, published today by the Office for National Statistics, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “Inflation was unchanged in June for the second successive month, with the upward price pressure from higher fuel costs offset by falling prices for a number […]

BCC: business alarm on potential Brexit VAT bombshell

Commenting on the passage of amendments to the Customs Bill, which commit the government to fully separating the UK from the EU VAT regime, Adam Marshall, Director General of the British Chambers of Commerce, said: “This is the first view businesses have on what the VAT regime could be like after Brexit – and it […]

South Yorkshire International Trade Centre Teams Up with Smartword to Launch New Language Service

Sheffield Chamber of Commerce’s international trade department, South Yorkshire International Trade Centre (SYITC), have launched a new comprehensive language service to assist business in overseas trade activity. Communicating in the right language can make the crucial difference when doing business overseas. With this new service SYITC can assist any business through any process where language […]