BCC Director General Adam Marshall comments on the BEIS Select Committee report, ‘The impact of Coronavirus on businesses and workers: Interim pre-Budget report’, published today.
Our research and analysis distils and assesses what the developments in the transition period mean in real terms for businesses.
The British Chambers of Commerce today publishes an evaluation of official UK Government guidance to businesses on critical operational issues in the event of an unwanted ‘no deal’ exit on 31st October.
The leading business group has found that, at the time of publication, 31 of 36 business-critical areas are still marked amber or red, indicating that firms have incomplete or insufficient information available to plan thoroughly for a ‘no deal’ outcome.
The British Chambers of Commerce publishes new research demonstrating some of the potential real-world consequences of the UK leaving the EU without a deal on the 31st of October.
A survey of over 1,500 companies by the leading business group - covering of all sizes and sectors of business, across the UK - found that in the event of a ‘no deal’ exit on 31st October, nearly a quarter of firms surveyed (24%) say they would revise investment plans down, while just 4% would revise up.71% of respondents did not state that they would revise investment plans.
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.
The British Chambers of Commerce has created a Business Brexit checklist to help businesses consider the changes that leaving the EU may bring to their firm.
The UK's impending departure from the European Union will bring change for businesses of every size and sector. Chambers of Commerce believe that all firms - not just those directly and immediately affected - should be undertaking a Brexit 'health check', and a broader test of existing business plans.
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.
BCC Director General Adam Marshall comments on the BEIS Select Committee report, ‘The impact of Coronavirus on businesses and workers: Interim pre-Budget report’, published today.
Results from the latest British Chambers of Commerce survey, in partnership with moneycorp, found that while 44% of UK exporters to the EU plan to grow their exports to the European Union, nearly a quarter (23%) are looking to either reduce their activity in the EU or have no activity at all in the next 12 months, following the ratification of the UK-EU Trade and Co-operation Agreement. Two-thirds of UK businesses are looking to increase activity in the domestic market.
BCC Head of Economics Suren Thiru comments on the Office for National Statistics' labour market figures for February 2021, published today.
BCC Director General Adam Marshall comments on the Prime Minister's roadmap for reopening in England.
