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TRADE STATS SHOW PANDEMIC MASKING BREXIT EFFECTS – BCC

Responding to yesterday's ONS trade statistics, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “The pandemic and the shift to new trading conditions in how UK companies sell services to the EU have led to a clear reduction in UK-EU services trade compared with 2019. Today’s ONS data release shows services trade with the EU fell at a brisker rate than trade with the rest of the world over the two years to the end of March 2021. Services exports to the EU fell by 14.7% in that period and imports by 38.8%."

BCC Calls for Negotiated Settlement Following Latest NI Protocol Announcement

Responding to the announcement of the new UK approach to the Northern Ireland Protocol, William Bain, Head of Trade Policy at the BCC, said: “Businesses in both Great Britain and Northern Ireland need durable, workable, negotiated solutions on compliance with the Protocol to ensure the continued two-way flow of goods East-West and North-South. The UK Government and EU need to work together to find solutions which work for business."

BCC SAYS BUSINESSES CAN HAVE A LEADING ROLE IN THE SWITCH TO A GREENER FUTURE

The UK government should seek to expand trade opportunities for UK businesses in the switch to greener technologies and practices.

BUSINESS SUPPORT WILL BE CRUCIAL AS NEW EU BORDER AND CUSTOMS CONTROL PLANS ARE CONFIRMED

Hard-pressed companies will need further support into next year as they adjust to this new phase of the biggest change in trading terms with the rest of Europe for half a century.

BCC RESPONDS TO ONS TRADE FIGURES FOR MAY 2021

While we are seeing a modest pick-up in demand for UK goods in the last month as economies reopen, the overall climate remains fragile

BCC welcomes news of quarantine-free travel to England from amber-list countries

This is a step that will be warmly welcomed by many businesses but more still needs to be done to open up international travel.

BCC  calls for Government to work with business on accession talks for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

BCC says it is important that Government works in partnership with business around the accession process from the start.

BCC Welcomes Suspension of Tariffs Following UK-US Boeing-Airbus Agreement

BCC says the suspension of tariffs is welcome news but more must be done to resolve the long-running dispute

BCC responds to UK-Australia announcement of Agreement in Principle on Trade

BCC says businesses will welcome the Agreement in Principle as a positive step forward but there is a long way to go before a free trade deal is signed.

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.