Businesses strongly oppose a rise in national insurance contributions as it will be a drag anchor on jobs growth at an absolutely crucial time.
William Bain, Head of Trade Policy at the British Chambers of Commerce, “The Government needs to work now with businesses to ensure full consideration to the impacts are given before any decision to completely pull the plug on CE-marked goods, risking incurring costs to our economy that we may come to regret.”
Commenting on ONS Labour Market statistics for August 2021 published today, BCC Head of Economics, Suren Thiru, said: “The latest figures confirm that the UK jobs market is recovering strongly as the boost to demand from the easing of restrictions helped drive higher payroll employment in July. "
Speaking to BBC Breakfast this morning, Shevaun Haviland called on government to bring forward a Covid strategy for the coming months, as well as contingency planning for the possibility of a variant evading the vaccine.
Comparing June 2021 with June 2018, the last stable period before EU exit, total UK exports, including to the EU, were down by 7.4% and imports by 2%. This is a further signal of the dampening effect on UK-EU trade caused by the move to the new trading arrangements under the TCA.
The increase in output in the second quarter largely reflected a striking rise in household spending; as the easing of restrictions helped consumers spend some of their ‘unanticipated’ savings accumulated during lockdowns, boosting output from consumer facing services firms.
Research by the British Chambers of Commerce in partnership with O2 has found that only one in ten (11%) responding businesses, of more than 1,000 surveyed in the UK, are measuring their carbon footprint.
James Martin, Director of Policy at the British Chambers of Commerce, said: “Whilst the removal of the amber plus category and the addition of further countries to the green list will be welcome news for businesses in the travel sector and beyond, now is the time for the government to fundamentally simplify the traffic light system for international travel.
BCC calls for government to extend skills training as new research showed nearly 1 in 5 companies are considering staff redundancies as the next phase of furlough tapering begins.