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BCC Reacts To Latest UK Labour Market Figures

Commenting on ONS Labour Market statistics for May 2021, published today, BCC Head of Economics, Suren Thiru, said: “The decline in the unemployment rate and the rise in payroll employment is further confirmation that the UK jobs market is now more resilient to the ongoing restrictions.

BCC says Queen’s Speech offers opportunity to make change for the better

BCC says Queen's Speech offers opportunity to boost the economy but delivery will be key to real change.

BCC: Concerns over Inflation Rise as Manufacturers’ Price Expectations Climb to 4-year High

The British Chambers of Commerce today announced the publication of new research which shows a rising number of firms expecting their prices to increase significantly in the coming months. The figures also document growing concern among businesses over rising inflation. The data, drawn from responses from more than 5,800 firms, shows 2 in 5 businesses (38%) in Q1 2021 expect to see their prices increase in the next three months, an increase from 25% in the previous quarter. In contrast, only 5% of firms are expecting a decrease.

BCC says ONS GDP figures offer some hope for the future

BCC says data for February 2021 shows modest growth and a further boost is likely as economy reopens but warns that continued improvement is not guaranteed.

Four in Ten UK Exporters Reporting Decreased Sales in Q1 2021

The British Chambers of Commerce’s Trade Confidence Outlook for Q1, released today, has revealed the stark issues facing UK exporters in the first months of this year. The survey of more than 2,900 UK exporters revealed that the percentage of firms reporting decreased export sales had increased to 41%, up from 38% in the previous quarter. The percentage of businesses reporting increased export sales fell to 20%, down from 22% in Q4 2020. 40% reported no change in their export sales.

BCC reacts to Prime Minister's update on Roadmap Out Of Lockdown

BCC welcomes news that Phase 2 reopening will go ahead in England on April 12 but calls for more information on COVID certificates and International Travel proposals.

BCC Quarterly Economic Survey Q1 2021:  Firms Fighting for Survival but More See a Route Out of Crisis

UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth – found that business conditions remained historically poor in the first quarter of 2021 as the third lockdown severely limited activity.

BCC welcomes government announcement of the provision of rapid at-home test kits for firms

BCC Co-Executive Director Claire Walker said: “We welcome the Government’s announcement of the provision of rapid home testing kits for businesses to provide for employees."

BCC says critical questions remain for businesses wanting to reopen

BCC President, Baroness Ruby McGregor-Smith, says the route back to a full reopening of the economy is still a long way off, with continued uncertainty about whether, and when, the roadmap steps will be met.

BCC welcomes news of new £1.5bn business rates relief fund

Suren Thiru, BCC Head of Economics, says the discount to rates bills provided by the new fund is a positive step which can help support the cash flow of some of our hardest-hit businesses.