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International Trade Survey

View the publications of the BCC International Trade Survey, produced in partnership with Bibby Financial Services

Uncertainty around Brexit, tariffs and exchange rates holding back UK exports

Uncertainty around Brexit, tariffs and exchange rates holding back UK exports

The British Chambers of Commerce (BCC) and Bibby Financial Services (BFS) have revealed that uncertainty around Brexit, tariffs and exchange rate volatility are holding back the potential of many UK exporters.

The recent survey included 1,140 internationally active UK businesses, and found that general uncertainty around Brexit was considered the top barrier to export, listed by almost half (47%) of businesses, followed by specific concerns around tariffs and exchange rate volatility, listed by 35% and 33% respectively.

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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 EUand 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 reacts to government confirmation that phase three will still go ahead in England

BCC says that the news that phase three would proceed would be welcome by businesses across England as they get ready to re-open their doors on Monday May 17.

Amazon announces 10,000 new permanent jobs and multi-million pound training programme to boost the UK economy

The company will invest £10 million over three years in training up to 5,000 employees in new skills to meet the UK’s future employment needs outside of Amazon. It is partnering with the British Chambers of Commerce and local businesses to identify regional skills shortages to focus training on local needs

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.