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.
Businesses who make the leap into international markets are reaping the rewards, according to an international trade survey being published today by the British Chambers of Commerce (BCC).
- 58% of UK exporters believe their profitability will increase in the next 12 months
- The majority of exporting firms (81%) tried to recruit staff at the end of 2014
- John Longworth: ‘British exporters are rising to the challenge despite the uncertain global outlook.’
As voters across Britain and Europe prepare to go to the polls this week, the British Chambers of Commerce’s latest EU Business Barometer shows a substantial increase in uncertainty among UK businesses over the future of the UK’s relationship with the European Union.
Economic developments in the eurozone is top of the list of issues businessowners believe will affect their firm this year and next, according to a poll of almost 2,000 firms released today by the British Chambers of Commerce (BCC). Over half (52%) of firms believe that the eurozone crisis will have a significant influence on their business in 2012 and 2013, followed closely by cuts to UK public sector budgets (46% of businesses), and access to finance (42% of businesses).