Economics

We welcome today’s announcement from the Shadow Chancellor that she will publish a tax roadmap for business, if Labour wins power

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%.

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 data showing the CPI rate grew at 3.9% in November, a greater slowdown than expected, is welcome news.

While a cut in the interest rate could have provided some relief for firms ahead of Christmas, today's decision to hold at 5.25% was expected and allays fears of further rises

Today's data from the ONS confirms the low-to-no growth cycle the UK economy is in.

The BCC is pleased the Chancellor has listened to our calls to help businesses deal with the current economic challenges.