Close

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.

Find out more
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.

Find out more
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


Read our full response
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



Find out more
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).



Find out more
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.



Find out more
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.
Find out more
Weak GDP growth forecast for 2020 as business investment falls

UK economic growth in 2020 is forecast to slow to its weakest rate since the financial crisis as higher government spending struggles to offset falling business investment, weakening net trade and sluggish consumer spending.

Chamber Business Awards 2019: Celebrating the best of British Business

The British Chamber of Commerce’s annual Chamber Business Awards ceremony last night celebrating the very best of British business.

British firms hit by power cuts even as electricity demand set to rise

Businesses are hampered by an unreliable electricity supply according to a survey of more than 1,000 business leaders published today by British Chambers of Commerce and Drax.

UK road and rail networks not meeting business needs

Business satisfaction rates fall, underlining need for parties to make good on infrastructure promises