The British Chambers of Commerce’s quarterly economic survey – the largest private sector survey of business sentiment and leading indicator of UK GDP growth – found that key indicators of UK economic health weakened considerably in the first quarter of 2019.
Addressing the BCC Annual Conference 2019 today, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), will address the deep levels of frustration and anger among business communities across the country towards those in Westminster over the ongoing political turmoil.
The British Chambers of Commerce (BCC) has today (Monday) slightly downgraded its growth expectations for the UK economy, forecasting growth of just 1.2% in 2019 (down from 1.3%), which if realised would be the weakest growth in a decade.
The percentage of both manufacturing and services exporters who are expecting to increase their prices has risen in the past three months, as international traders struggle with the value of the pound and pressure from the cost of raw materials and other overheads, according to the latest Quarterly International Trade Outlook from the British Chambers of Commerce, in partnership with DHL.
Adam Marshall, Director General of British Chambers of Commerce (BCC), comments on reports that the Cabinet is considering options around making imports tariff-free across the board if we leave the EU next month without a deal.