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Economics

BCC Economic Forecast: Recession Expected To End But Growth Will Be Weak 
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.
The British Chambers of Commerce (BCC) Quarterly Economic Forecast has slightly upgraded growth expectations for 2024...
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Chancellor Must Outline Sustainable Growth Plan 
The BCC is calling for the Chancellor to use next month’s Budget to work in partnership with business to develop a sustainable growth plan.
The BCC is calling for the Chancellor to use next month’s Budget to work in partnership...
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Economy Toils As Recession Bites 
A contraction in GDP for the final quarter of 2023 means the UK economy is in technical recession.
A contraction in GDP for the final quarter of 2023 means the UK economy is in...
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Inflation Remains a Real Concern for Business 
Businesses need price stability, so today’s news that inflation remained unchanged in January is welcome.
Businesses need price stability, so today’s news that inflation remained unchanged in January is welcome....
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Rate Hold Gives Business Some Stability 
Today's decision to hold the interest rate at 5.25%, the same level since August last year, will give some respite for businesses.
Today's decision to hold the interest rate at 5.25%, the same level since August last year,...
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BCC Welcomes Labour Tax Roadmap Plans 
We welcome today’s announcement from the Shadow Chancellor that she will publish a tax roadmap for business, if Labour wins power
We welcome today’s announcement from the Shadow Chancellor that she will publish a tax roadmap for...
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Surprise Rise In Inflation As Uncertainty Remains 
Consumer price inflation remains stubborn with a slightly higher than expected growth rate of 4% in December 2023, and no change in core inflation at 5.1%.
Consumer price inflation remains stubborn with a slightly higher than expected growth rate of 4% in...
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Economic Growth Remains Fragile 
Today’s ONS data, showing GDP grew 0.3% in November, but fell 0.2% in the three months to then, indicates how fragile UK economic growth is right now.
Today’s ONS data, showing GDP grew 0.3% in November, but fell 0.2% in the three months...
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BCC Quarterly Economic Survey: Business Confidence Boost Fails To Revive Investment 
The BCC’s Quarterly Economic Survey shows a small rise in business confidence in the final quarter of 2023.
The BCC’s Quarterly Economic Survey shows a small rise in business confidence in the final quarter...
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Easing Inflation Positive News But Long-Term Worries Persist 
Today's data showing the CPI rate grew at 3.9% in November, a greater slowdown than expected, is welcome news.
Today's data showing the CPI rate grew at 3.9% in November, a greater slowdown than expected,...
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