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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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"News of the end of work from home guidance will be welcomed by business, particularly those based in city and town centres which rely on footfall from office workers."

BCC  says inflation will climb further in months ahead

Inflation will continue to soar in the coming months as surging energy prices, rising raw material costs and the reversal of the VAT reductions for hospitality push it well above 6% by April.

New generation of exporters needed to power economic growth - BCC Trade Manifesto

The British Chambers of Commerce has set out its manifesto to recruit legions of new UK exporters as its research continues to show poor overseas trade growth.

BCC says November Trade data shows imports rebounding as exports remain flat

Looking at the last six months, a clear picture is emerging of significantly lower EU imports to the UK than three years ago, with a smaller reduction in exports to the EU.