Suren Thiru, Head of Economics at the BCC said: “With firms continuing to face major cash flow difficulties, and our research suggesting that late payments have risen during the pandemic, businesses will be encouraged by the launch of a reformed prompt payment code. “The improved code must be...
The British Chambers of Commerce’s Quarterly Economic Survey (QES) – the UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth – found that business conditions remained weak in the fourth quarter as the second lockdown squeezed activity.The bellwether survey of 6,203 firms, who employ nearly a million people across the UK, revealed...
Commenting on the support measures for business announced by the Chancellor, BCC Director General, Adam Marshall said: 'While this immediate cash flow support for business is welcome, it is not going to be enough to save many firms. We need to see a clear support package for the whole of 2021, not just another incremental intervention.“The...
Commenting on the introduction of ‘Tier 4’ of Coronavirus restrictions in England, with many businesses once again forced to close their doors from 20th December, BCC Director General Adam Marshall said: “Christmas was already cancelled for many businesses, but even more will now suffer as...
Commenting on the agreement in principle of the EU-UK Joint Committee to ensure the Northern Ireland protocol is fully operational as of January 1st 2021, BCC Director General Adam Marshall said: "More detail on how to keep trade flowing smoothly in both directions between GB and NI...
With negotiations between the UK and EU once again at a decision point – and with just 24 days to go until the end of the Brexit transition period – the latest analysis by the British Chambers of Commerce shows that businesses still have insufficient official information available in 24 critical areas, undermining their...