Latest updates and stories from Bedfordshire Chamber of Commerce and its Members

The British Chambers of Commerce’s quarterly economic survey – the UK’s largest private sector survey of business sentiment and a leading indicator of UK GDP growth

Uncertainty over the UK’s future relationship with the EU is one of many factors that has weakened the outlook for business investment, according to the latest forecast by British Chambers of Commerce (BCC).

Responding to the Prime Minister’s statement to the House of Commons on delaying Parliament’s ‘meaningful vote’ on the Brexit Withdrawal Agreement and Political Declaration, Dr Adam Marshall, Director General of the British Chambers of Commerce, said:

Commenting on the GDP and trade statistics for October 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

Commenting on the publication of the first tranche of UK Government technical notices aimed at giving businesses and consumers advice on the implications of a 'no deal' exit from the European Union, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

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

Commenting ahead of the publication of technical notices from the government relating to the possibility of ‘no deal’ in the Brexit negotiations, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

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 by the British Chambers of Commerce (BCC) in partnership with Avalara.

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:

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:

• Over half of UK businesses did not attempt to access finance in the last year
• One-in-two businesses that did seek finance did so because of cash flow
• Investment intentions are focused on incremental investments

The British Chambers of Commerce (BCC) has today published the two-dozen top real-world questions being asked on Brexit by businesses across the UK – and says the government 

Commenting on the publication of the NAO report on the Customs Declaration Service (CDS), Anastassia Beliakova, Head of Trade Policy at the British Chambers of Commerce (BCC), said:

The British Chambers of Commerce (BCC) has today slightly downgraded its growth expectations for the UK economy, forecasting GDP growth for 2018 at 1.3% (from 1.4%) 

Commenting on the labour market figures for June 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

Chamber business leaders from across the United Kingdom have today written to the Prime Minister calling for a renewed focus on tackling the barriers to growth and investment in the United Kingdom - and a radical plan for action.

Commenting on the GDP figures for Q1 2018, released  by the ONS, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

Only half of businesses believe the UK’s phone network is more reliable than five years ago, according to new research by the British Chambers of Commerce (BCC) released today.

Commenting on the inflation statistics for March 2018, published today by the Office for National Statistics, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

“Inflation slowed again in March, confirming its downward trajectory. 

The British Chambers of Commerce (BCC) has today (Monday) upgraded its growth expectations for the UK economy, raising its forecast for GDP from 1.1% to 1.4% in 2018 and from 1.3% to 1.5% for 2019, and its first forecasts for 2020 is for 1.6% growth.

Commenting on the Spring Statement, delivered today by the Chancellor of the Exchequer, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

Addressing the BCC Annual Conference 2018 today, Dr Adam Marshall, Director General of the British Chambers of Commerce, will remind the government that the biggest challenges and opportunities facing the UK business community, and country, are not related to exiting the EU, but to the fundamentals in the domestic environment.

The British Chambers of Commerce (BCC) launched its flagship Chamber Business Awards at the London Stock Exchange. London Chamber of Commerce & Industry members AnyJunk, last year’s winner of the ‘Business of the Year’ award, has the honour of opening the day’s trading.

Commenting on the speech by David Davis on a transition period after we leave the European Union, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

Commenting on the labour market figures for January 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

The British Chambers of Commerce (BCC) today  publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private-sector business survey.

The British Chambers of Commerce (BCC) has today slightly downgraded its three-year outlook for the UK economy, cutting growth expectations from 1.6% to 1.5% in 2017, from 1.2% to 1.1% in 2018, and from 1.4% to 1.3% in 2019.