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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 welcomes new rules on international travel restrictions

The decision to simplify the traffic light system in England will be very welcome news for businesses in the travel sector and beyond.  

BCC says business left in the dark on winter Covid contingency plan

Business will be frustrated by the inability of the Government to give them any detail around what circumstances could lead to new restrictions and what support firms could get.

BCC welcomes delay to import checks but says much more work is needed

Announcement of a delay is sensible given the ongoing issues with ensuring trader readiness, the need to build more border control posts and the skills shortages crisis.

BCC: Firms facing acute hiring crisis

The jobs market has continued its summer revival as demand for workers has surged following the easing of Covid restrictions. But record vacancies also highlight the acute hiring crisis faced by many firms.