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Finance

We represent businesses on issues that matter, and create positive change to help business communities to prosper and grow.

Our research and survey work allows us to shape policy at the highest levels. To learn about our policy successes at the last Autumn Budget click below.

Chamber Budget Wins

Small businesses don’t see UK tax system as level playing field

Small businesses don’t see UK tax system as level playing field

Business believes that the UK tax system is fundamentally unfair and want more support to stay compliant, according to research by the British Chambers of Commerce.

Our survey of over 1,000 firms from across the UK, found that nearly three-fifths (58%) of respondents think that the UK tax regime is unfair to businesses like theirs.

The findings largely signal concerns over how HMRC applies the tax rules to different types of firms.

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BCC research highlights need to delay Making Tax Digital

BCC research highlights need to delay Making Tax Digital

With just weeks to go before its planned introduction, new research suggests nearly one in five businesses above the VAT threshold still know little or nothing about Making Tax Digital.

The results of a BCC survey of almost 1,000 firms from across the UK, found that while levels of awareness and preparation have increased since the previous year, businesses are still insufficiently prepared for the incoming processes. With just weeks to go, 19% of companies required to take part* have never heard of Making Tax Digital or know it only by name.

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Autumn Budget 2018

Autumn Budget 2018

Coming just months before the UK's departure from the EU, this year's Autumn Budget came at a crucial time for business.

The BCC called on the Chancellor to take bold measures to bolster business investment, competitiveness and productivity in the face of Brexit headwinds.

The Chancellor delivered on a number of asks from the Chamber Network, including:

  • Raising the Annual Investment Allowance from £200,000 to £1m
  • Business rate relief for the high street
  • Lowering the cost for SMEs training apprentices
  • Help for repairing local roads and improving rural broadband


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Businesses in the dark on Making Tax Digital

Businesses in the dark on Making Tax Digital

Ten months ahead of its planned introduction, an alarmingly high proportion of UK businesses have little or no awareness of HM Revenue and Customs’ flagship Making Tax Digital project, according to new research by the British Chambers of Commerce, in partnership with Avalara.

  • 24% of firms have never heard of Making Tax Digital, which comes into effect next April for VAT
  • Only 10% of firms know ‘a lot of details’ about the switch to the digitised tax system



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Credit ‘apathy’ restricting potential growth opportunities for SMEs

Credit ‘apathy’ restricting potential growth opportunities for SMEs

Over half of UK businesses have not attempted to apply for finance over the past year amid limited investment intentions and weakening cash flow, according to new research released by the BCC, in partnership with specialist finance provider, Wesleyan Bank.

According to the results of the survey of over 1,100 firms from across the UK, over half (56%) of businesses did not attempt to access finance over the last year. Smaller firms were less likely to access finance than larger businesses. Almost two-thirds (63%) of small firms (1-9 employees) did not seek finance, compared just over a third (39%) of larger firms (50 or more employees).



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Tax complexity and ‘red tape’

Tax complexity and ‘red tape’

The vast majority of UK businesses believe the cost of complying with the UK tax system has escalated over recent years, according to new research released by the BCC in partnership with Avalara.

A survey by the BCC of over 1,100 firms from across the UK found that three in four (75%) believe the overall burden of tax administration and compliance – the HMRC equivalent of ‘red tape’ – has increased compared to five years ago.



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The BCC is campaigning to fix the fundamentals of the UK economy:

The BCC is campaigning to fix the fundamentals of the UK economy:


Many of the biggest challenges and opportunities facing the UK economy, including the growing skills gap, have little or nothing to do with the UK’s departure from the European Union.
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BCC Forecast: Brexit stockpiling to hit economic growth in coming years

The British Chambers of Commerce (BCC) has today released its latest economic forecast, upgrading its growth expectations for the UK in 2019 to 1.3% (from 1.2%). However, the leading business group has downgraded its growth forecast for 2020 to 1.0% (from 1.3%) and to 1.2% (from 1.4%) in 2021.

BCC Comments on PM Climate Change Announcement

Commenting on the Prime Minister’s Climate Change Announcement, Claire Walker Co-Executive Director of the British Chambers of Commerce said:

BCC congratulates President Francis Martin on CBE

The British Chambers of Commerce (BCC) is delighted that its President, Francis Martin, has been appointed Commander of the Order of the British Empire (CBE) in the Queen’s Birthday Honours list for services to UK business.

BCC and COBCOE combine networks to support UK and European businesses through Brexit and beyond

The British Chambers of Commerce (BCC) and the Council of British Chambers of Commerce in Europe (COBCOE) announce that they have reached an agreement that will see 24 additional British Chambers across Europe become part of the BCC’s Global Business Network – significantly expanding the leading business organisation’s reach and practical, real-world support for trade between the UK and the Continent.