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Brexit preparation

Business still unable to prepare fully for a no deal Brexit

Business still unable to prepare fully for a no deal Brexit

New research from the British Chambers of Commerce shows a concerningly high number of UK firms aren’t ready for a no deal Brexit. Business has consistently called on government to avoid a messy and disorderly exit but in light of the political turmoil and relentless uncertainty, clearer and more consistent information is needed to help them prepare.

The survey of over 1,500 firms from across the country, found that in the midst of conflicting political messages over the likelihood of no deal and remaining gaps in government guidance, two-fifths (41%) of UK businesses have not done a Brexit risk assessment.

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Ease Brexit uncertainty to boost innovation through trade

Ease Brexit uncertainty to boost innovation through trade

A survey by British Chambers of Commerce, in partnership with DHL Express UK, has today revealed that almost half – 49% – of businesses have uncertainty over Brexit front of mind when deciding whether to trade internationally, highlighting the economic cost of the persistent lack of political clarity.

The research also shows that while there are many concerns for businesses when deciding whether to trade internationally, those that do trade internationally are more likely to be innovative within their business – 65% of those that are internationally active have launched a new product or service in the last 12 months, compared to just 41% of firms who are UK-focused.

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Six months to Brexit: Investment and recruitment would be cut in the event of ‘no deal’

Six months to Brexit: Investment and recruitment would be cut in the event of ‘no deal’

The British Chambers of Commerce (BCC), in partnership with independent business funder, Bibby Financial Services (BFS), has conducted one of the biggest surveys of business opinion since the referendum, amassing the views of over 2,500 firms from across the UK.

We found that nearly two-thirds of firms still aren’t preparing for Brexit – and in the event of a ‘no deal’ outcome many would cut investment and recruitment plans.

  • A fifth of businesses surveyed (21%) will cut investment if there is ‘no deal’, 20% will move part or all of their business to the EU and 18% will cut recruitment – but in the event of a status quo transition these numbers fall dramatically
  • 62% of firms still haven’t completed a Brexit risk assessment
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BCC survey finds four in five firms have no plans for vaccine certification

The British Chambers of Commerce has published new survey data which show that the vast majority of responding businesses have no plans in place to require evidence of vaccination from customers, suppliers or employees.

BCC reacts to latest GDP figures

Commenting on GDP figures for Q1 2021, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:    “While the UK economy contracted in the first quarter, the downbeat headline figure masks a renewed momentum through the quarter from January’s drop in output to an exceptionally strong March outturn as lockdown measures started to ease. 

BCC says Queen’s Speech offers opportunity to make change for the better

BCC says Queen's Speech offers opportunity to boost the economy but delivery will be key to real change.

BCC Responds to Roadmap Announcement

Responding to the roadmap announcement, British Chambers of Commerce Co-Executive Director, Claire Walker, said: “Businesses across the country will be relieved to hear that they will be able to re-open or restart more of their operations on May 17th."