“Working with the BCC has given TSB unparalleled insight into the experience of UK businesses during the pandemic and helped us consider how best to serve SMEs in the future.”
During 2020 BCC and TSB have worked in partnership on an initiative to assess the needs of the business community post Covid-19. This included a national survey and a programme of 5 webinars held with Chambers across the UK.
Impact
Benefits to TSB
A survey of 2,600 UK exporters has revealed that the recovery in export sales has largely stalled in Q3. The proportion of firms reporting increased sales rose only three points (to 30%) from Q2 (27%), whilst the proportion reporting decreased sales fell by just two points (Q3:26%/ Q2: 28%).
The announcement of a deal between the US, the UK, France, Austria, Italy and Spain on digital services taxes, and transitioning unilateral measures taken beforehand, will be strongly welcomed by business in the UK
It’s no secret that a lot of small businesses have been hit hard by Covid-19. Both at TSB and through the work of the All-Party Parliamentary Group (APPG) on Fair Business Banking, we’ve seen the determination and sheer hard work firms have put in to adapt and survive through the toughest environment most of us can remember.
The BCC looks forward to engaging with the UK Government and the New Zealand Ambassador in the final stages of these negotiations and to giving our views on the draft text at the earliest opportunity.
