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BCC responds to planned increase in National Living Wage

While businesses support the minimum wage, the size of this increase – with less than six months’ notice - will cause significant concern, especially with so many smaller firms already struggling.

BCC welcomes £150m for Regional Angel Investors Programme

Improving the quality and reach of early-stage finance is crucial for levelling up economic opportunity across all nations and regions of the UK

BCC comments on Global Britain Investment Fund, Recovery Loan scheme and Start-Up Loans

Boosting inward investment into the UK can provide the foundations for our future economic prospects for many years.

BCC Responds to Latest Inflation Figures

Commenting on the inflation statistics for September 2021, published today by the Office for National Statistics, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “While inflation is uncomfortably high, the Bank of England must hold its nerve on interest rates. Raising rates at a time of escalating cost pressures and looming tax rises would severely undermine an already fragile recovery. “Although global price fluctuations aren’t typically something in the UK government’s direct control, more needs to be done to help businesses keep costs down and stay competitive. This should include a moratorium on all policy measures that increase upfront business costs for the remainder of this parliament.”

BCC RESPONDS TO LATEST ONS GDP FIGURES

GDP remains some way off pre-pandemic levels and there are clear indications that the economic headwinds caused by labour shortages and supply chain disruption are beginning to bite.

BCC response to Chancellor Rishi Sunak’s speech at the Conservative Party Conference

The focus should be on creating the best possible environment for businesses to grow and thrive so they can sustainably deliver the tax revenue needed to return our public finances to a sustainable path.

BCC responds to Leader of the Opposition Speech at Labour Party Conference

Shevaun Haviland, Director General of the British Chambers of Commerce, said: “The Leader of the Opposition is right to focus on business conditions that would help small and medium-sized firms. Businesses will welcome the focus on digital skills, investment in R&D and the need to make Brexit work. However, despite the warm rhetoric, what firms really need are concrete, costed proposals and meaningful detail on delivery.”

BCC responds to Labour’s business rates proposals

Businesses welcome any attempt to blunt the rise in business rates and the prospect of a more fundamental reform of a broken system. Chamber businesses have been calling for reform for years.

BCC calls for summit to resolve supply chain crunch

The supply chain disruption must not be allowed to worsen over the next few months in the run up to Christmas.

BCC says government must step up on energy supply security

Government must do all it can to safeguard security of supply and ensure that customers and suppliers have access to the support they need to weather this difficult period.