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BCC and the Accredited Chamber of Commerce Network has been helping British businesses to trade with the world for more than 150 years.
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The rise in Consumer Prices Index inflation to 10.1% is the tenth monthly increase in a row and another record high. This higher than expected inflation increase, alongside eye-watering energy prices, this confirms the severity of the cost of doing business crisis.
Today’s ONS Labour Market statistics show little improvement for employers over the last quarter. Despite the small increase in employment levels, the number of job vacancies in the economy remains around the highest on record. Competition for skills and labour continues to drive up wage costs.
June’s trade data ended what was a strong second quarter of the year overall with a damp squib. An 8% fall in goods exports values for the month was driven by a range of factors across fuel, chemicals, transport equipment and other manufactured goods, but there are gathering economic headwinds which all UK exporters now face.
Today's 0.1% fall in GDP data is yet another signal that the UK economy is moving in an alarming direction.
