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

After a year that included a number of wasted opportunities, John Longworth, Director General of the British Chambers of Commerce, calls on ministers to make 2016 a year of action, with the ultimate aim of putting the UK economy on a strong and more sustainable footing.

In a full response to the Autumn Statement and Spending Review, Cheryl Smart MBE, Chief Executive said:

Access to finance is still a barrier to exporting for UK firms, a report by the British Chambers of Commerce (BCC) has found. In its annual International Trade Survey, the BCC found that 60% of potential exporters cite general access to finance as a key factor in their plans to export goods or services.

The Bedfordshire Chamber of Commerce is delighted to announce that the fourth British Chambers of Commerce (BCC) International Trade Conference will take place on 3 November 2015, at the Grand Connaught Rooms, in London

The British Chambers of Commerce has downgraded its UK GDP growth forecast for 2015 from 2.7% to 2.3%, following weaker than expected growth at the start of the year. However, the BCC believes the slowdown is temporary and the prospects over the medium term remain steady, with GDP growth predicted to be 2.6% in 2016 and 2017.

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).

• BCC’s Quarterly Economic Survey is the first major economic indicator of the year, and is closely watched by the Bank of England and the Treasury.
• Manufacturing and services firms reported somewhat weaker Q1 results in most areas (including exports, domestic markets and investment), but this follows very strong findings in Q4 2014.

This year, the British Chambers of Commerce (BCC) is proud to be hosting its twelfth annual Chamber Awards.

• 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.’

Commenting on the Autumn Statement, delivered today by the Chancellor of the Exchequer, John Longworth, Director General of the British Chambers of Commerce (BCC) said:

Bedfordshire-based learning and development company Clarity 4D has been asked to create a series of unique personal profiles for the Oman Football Association, as a direct result of attending a UKTI Trade Mission to the Middle East.

• BCC’s Quarterly Economic Survey is the first major economic survey of the quarter, and is closely watched by the Bank of England and the Treasury
• The results show that whilst the economy is still growing, it slowed in Q3. Manufacturing and export balances were down on the quarter.

• BCC publishes the results of its international trade survey highlighting the untapped potential of service sector exporters in rebalancing the UK economy
• The BCC calls for action to tackle language, regulatory and funding barriers to encourage potential exporters to take their first step towards doing business overseas
• John Longworth: ‘If we can convert this untapped export potential into a reality, this could go a long way towards eliminating the overall trade deficit and rebalancing the economy.’

BCC Quarterly Economic Survey: service sector exports at new all time high

Confidence at record high among exporters but more support needed to reach £1trillion target, says BCC/DHL report

To mark the start of Export Week, the British Chambers of Commerce (BCC) has announced the launch of a new website designed to support businesses at every stage of their export journey. 

Today (Monday) marks the start of national Export Week, designed to celebrate the exporting successes achieved by UK firms, and to encourage more businesses to take their first step towards ‘going global’. Chambers of Commerce are the largest private sector providers of international trade services in the UK, and are committed to helping businesses find new markets and trade the world. 

• The UK deficit on trade in goods and services was £3.3bn in September 2013, unchanged from August
• There was a £9.8bn deficit on goods, partly offset by a £6.5bn surplus on services
• The trade deficit in goods and services increased markedly in Q3 2013, largely reflecting a wider goods deficit (down £4.3bn - £3.8bn goods)

• In September 2013, public sector net borrowing, excluding effects of financial interventions, was £1bn lower than in September 2012
• In the first six months of the current financial year, cumulative borrowing on a comparable basis was £5.9bn lower than in the corresponding period of the last financial year
• In September 2013, public sector net debt, excluding effects of financial interventions, was 75.9% of GDP

• BCC’s Director General, John Longworth, gives keynote speech at business group’s International Trade Conference
• Vince Cable; Chuka Umunna; Carolyn McCall, CEO, easyJet; David Milner, CEO Tyrrells Crisps; and Lord Bilamoria, Chairman, Cobra Beer confirmed as guest speakers

Commenting on the Chancellor's announcement to simply and streamline visa applications, Dr Adam Marshall, Director of Policy at the British Chambers of Commerce (BCC), said:

• Manufacturing output in August 2013 was -1.2% on the month, -0.2% on the year
• In the three months to August 2013, manufacturing output rose by 1.2% compared with the previous three months
• The UK deficit on trade in goods and services was £3.3bn in August, compared with a deficit of £3.4bn in July
• There was a deficit of £9.6bn on goods, partly offset by an surplus of £6.3bn on services

Commenting on the speech made by the Chancellor of the Exchequer at the Conservative Party Conference today (Monday), John Longworth, Director General of the British Chambers of Commerce (BCC), said:

As the Conservative Party Conference gets underway in Manchester, the British Chambers of Commerce (BCC) is today (Monday) issuing a clear message to the Prime Minister and his colleagues to ‘get moving’ on the delivery of pro-growth policies that will benefit the nation as a whole.

The BCC's International Trade Conference, on the 17th October 2013 at Central Westminster Hall, London, will bring together 500 high growth exporters, SMEs, business leaders and leading policy makers.  This unique event will provide an opportunity to hear from experienced exporters as they share their expertise on how to build a successful global brand, enter new market and access finance along with other topical themes surrounding the export agenda.

These days she definitely wears the trousers but when Bedfordshire Chamber of Commerce’s Chief Executive Cheryl Smart MBE joined Bedfordshire Chamber of Commerce 25 years ago female staff were forbidden from wearing them.

A survey of more than 4,500 businesses released today  by the British Chambers of Commerce (BCC) shows that the number of exporting firms continues to increase. The survey also shows that those who ‘think global’, either because they have previously worked abroad or they collaborate with international partners in business, are far more likely to export than those with little international experience.

The British Chambers of Commerce (BCC) is delighted to announce that the second International Trade Conference will take place on October 17 2013 at Central Hall, Westminster. Bringing together some of the UK’s high growth exporters, business leaders and leading policy makers the Conference will provide insight on the challenges and opportunities of trading internationally.

• BCC’s Quarterly Economic Survey for Q2 2013 shows further progress, with most key balances stronger than in Q1 2013.
• Service export deliveries balance rose to +36%,  the highest level since the survey began in 1989
• UK business remains resilient, and confidence is rising, despite most balances remaining below their pre-recession levels in 2007

Commenting on the Spending Round for 2015/16, set out by the Chancellor of the Exchequer in the House of Commons today (Wednesday), John Longworth, Director General of the British Chambers of Commerce (BCC), said: