In an open letter to Mark Carney, who takes over as Bank of England Governor today. BCC Director General, John Longworth, urges him to do more to ensure a stable business environment, which will help to secure the UK’s future competitiveness.
If you've ever complained about conditions for business and felt no one's listening, now is your opportunity to be heard. The British Chambers of Commerce Quarterly Economic Survey is a highly respected snapshot of conditions for business but the BCC don't do it alone. They need your input to help them present the most accurate picture in a survey which is taken very seriously by central government and the Bank of England and is reported widely in the press.
Commenting on the speech on banking delivered by Business Secretary Vince Cable, Dr Adam Marshall, Director of Policy and External Affairs at the British Chambers of Commerce, said:
Business lending fell by £2.8bn in November 2012. Net lending to small business contracted by £6.4bn over the past year. Commenting on the Trends in Lending report, published today by the Bank of England, John Longworth, Director General of the British Chambers of Commerce (BCC) said:
A survey released today by the British Chambers of Commerce reveals falling levels of trust in financial institutions among businesses. The results, comprising responses from 1,560 businesses, show that although banks and building societies are the main source of finance for firms, half of businesses lack trust in these financial institutions.
The British Chambers of Commerce (BCC) has published a paper setting out the detailed case for the establishment of a state-backed British Business Bank.
Commenting on the opening of the Funding for Lending Scheme (FLS), John Longworth, Director General of the British Chambers of Commerce (BCC), said:
“We hope that the Funding for Lending scheme will incentivise banks to lend and address some of the problems faced by businesses in accessing finance. We’re pleased to see a more imaginative approach to providing cheaper lending to businesses and it is a welcome step forward.