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05 April 2024

UK: ACCESS TO FINANCE CHALLENGE FOR SMES

 

5 April 2024

Accessing finance is becoming more difficult for a large number of SMEs, according to new data from the British Chambers of Commerce Insights Unit.  

Around half (49%) of business surveyed who accessed finance felt that getting funding had become more challenging over the past three years.  Only 13% said it was getting easier. 

The BCC’s latest survey of business conditions also reveals that [...]


29 March 2024

COSTLY PAPERWORK BURDEN LIFTED FOR UK STEEL PRODUCT EXPORTERS

29 March 2024

Thousands of UK businesses are breathing a huge sigh of relief after the European Union decided to lift a huge paperwork burden.  

Since last autumn, companies exporting products containing iron and steel to the EU, have been required to provide ‘mill certificates’ to prove the elements did not originate from Russia. This proved either expensive or impossible for many UK businesses resulting in the loss of crucial export [...]


27 March 2024

BOLD THINKING NEEDED TO KEEP UK AT TOP TABLE

27 March 2024

The British Chambers of Commerce has launched its Global Britain Challenge report to boost exports and channel overseas investment into the UK. 

A copy of the Global Britain Challenge report can be found here.

Among the 28 recommendations are:   

The creation of a ‘Team UK’ to champion an updated ‘Brand Britain’ and show the world the best of what we can offer. A change in mindset, so the [...]

19 March 2024

UK: INVEST IN YOUTH SKILLS TO FUTURE-PROOF THE WORKFORCE

A ‘stable and coherent’ skills strategy is needed to prepare young people for the world of work, according to first ever British Chambers of Commerce Youth Skills Manifesto.  

The manifesto, sponsored by the leading online secondary school King’s InterHigh, identifies the crucial role of employers in supporting young people to transition from education to employment.  It also calls on politicians at Westminster [...]


05 March 2024

BCC WELCOMES MC13 OUTCOMES BUT MORE TO DO 

5 March 2024

Responding to the outcomes from the World Trade Organisation’s (WTO) 13th Ministerial Conference, William Bain, Head of Trade Policy at the British Chambers of Commerce, said:   “These were difficult and robust discussions between the world’s trade ministers, key officials, and the WTO, but they were ultimately successful. The main objectives have been achieved. These include an extension of the moratorium on electronic transmission [...]


01 March 2024

BCC ECONOMIC FORECAST: RECESSION EXPECTED TO END BUT GROWTH WILL BE WEAK

1 March 2024

The British Chambers of Commerce (BCC) Quarterly Economic Forecast has slightly upgraded growth expectations for 2024 and 2025, as the recession lasts just two quarters, but strong growth will remain elusive. 

UK Economic Outlook       

The UK economy is expected to grow every year until the end of 2026 but will continue to lack momentum. While 2023 ended with a technical recession confirmed for Q3 [...]


29 February 2024

CHAMBERS LEAD SUCCESSFUL START TO LOCAL SKILLS PLANS

29 February 2024

Local Skills Improvement Plans (LSIPs) across England “are working and beginning to make positive differences for local employers”, according to a new report commissioned by the British Chambers of Commerce.  

Based on evidence from 21 of the 32 chamber led LSIPs, the evaluation report concludes that the process is changing attitudes and encouraging more employers to collaborate and engage positively with the skills [...]


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