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BCC Forecast: Brexit Stockpiling to Hit Economic Growth in Coming Years
The British Chambers of Commerce (BCC) has today (Monday) released its latest economic forecast, upgrading its growth expectations for the UK in 2019 to 1.3% (from 1.2%). However, the leading business group has downgraded its growth forecast for 2020 to 1.0% (from 1.3%) and to 1.2% (from 1.4%) in 2021. The leading business group has slightly upgraded its growth forecast for 2019, driven by the exceptionally rapid stock-building early in the year. However, the immediate boost to UK GDP is forecast to come
Devon & Plymouth Chamber New Membership Vision Launched
At a seminar session during Devon Business Show on Wednesday 12 June at Plymouth Pavilions, Devon & Plymouth Chamber of Commerce Chief Executive Stuart Elford unveiled a ground-breaking new membership platform designed to significantly increase the benefits members receive and encourage membership growth for the 200-year-old organisation. Part of the Chamber’s development and growth strategy, the new membership platform is the culmination of months of market research, focus group and development work by
Fresh Faces on the Chamber Board
Devon and Plymouth Chamber of Commerce recently ran its 2019 election process for Board Directors, as directors retire due to length of service or by rotation. There were several vacancies for Directors this year and the Chamber received nine nominations. A ballot of the membership was held during May and the results verified by Board Director David Williams and Chief Executive Stuart Elford. The results were: Re-elected Director: Carolyn Giles, PepPer. Newly elected directors include:Richard Adams,
BCC Comments on Migration Advisory Committee Report
Commenting on the Migration Advisory Committee’s report, Jane Gratton, Head of People Policy at the British Chambers of Commerce (BCC), said: “Expanding the Shortage Occupation List will help businesses access the skills they need when they can’t recruit locally. Listing occupations, rather that job titles, simplifies the system and gives welcome flexibility to those hiring for new or emerging roles. “But the ending of free movement will present significant costs and challenges for employers.
BCC/DHL: Weak First Quarter for UK Exporters
More UK exporters are reporting a decrease in orders in the opening quarter of the year, with cashflow and confidence dipping too according to the latest Quarterly International Trade Outlook from the British Chambers of Commerce, in partnership with DHL. The report based on the responses of over 3,400 exporters shows that one in five manufacturers (23%) and service firms (20%) saw their export order books decline in the first three months of the year – the highest for both since Q2 2017 when records
BCC Responds to Prime Minister’s Statement
Responding to the announcement that Theresa May will step down as Prime Minister, Dr Adam Marshall, Director General of the British Chambers of Commerce, said: “We wish the Prime Minister well and thank her for her decades of public service. “Businesses must be reassured that a change at the top in Downing Street does not simply usher in a longer period of posturing and gesture politics. Westminster has already squandered far too much time going around in circles on Brexit. “As our global competitors
BCC Comments on PM Statement
Commenting on the Prime Minister’s statement, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:“Businesses need concrete outcomes to plan for the future. In the absence of parliamentary consensus on either the Withdrawal Agreement or any other proposition for the future, both businesses and investment remain in limbo. “Companies across the UK are frustrated, but most are still concerned about the prospect of a messy and disorderly exit from the EU. The date may have
BCC Comments on Inflation Statistics
Commenting on the inflation statistics for April 2019, published today by the Office for National Statistics, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “UK inflation moved above the Bank of England’s 2% target for the first time since December 2018, with rising energy prices and higher air fares, placing the largest upward pressure on price growth in April. “Rising inflation alongside slowing wage growth is a concern as it squeezes real household incomes. If this
BCC Comments on British Steel
Commenting on the news British Steel is entering insolvency, Hannah Essex, Co-executive director at the British Chambers of Commerce, said: “Many Chamber businesses will be concerned about the potential impact of British Steel entering insolvency, particularly those in their supply chain who will be directly and deeply affected. The company’s operations are at the centre of many local communities, generating thousands of direct and indirect jobs. Failure to find a buyer would be devastating to many areas
BCC: Delivering all of HS2 is Vital to Unlocking Economic Growth
Commenting on the Lords Economic Affairs Committee report into High Speed 2, Mike Spicer, Director of Policy at the British Chambers of Commerce (BCC), said: “Northern England is in desperate need of major rail investment, and we are pleased that the report recognizes the economic importance of this, and the interdependence between HS2 and Northern Powerhouse Rail. These will unlock economic growth and connect businesses, employees and consumers, benefitting the whole of the UK. “Businesses and
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BCC: Investment in Infrastructure is Vital to UK Prosperity
Commenting on the National Infrastructure Commission’s letter to the Chancellor of the Exchequer on infrastructure planning and investment, Mike Spicer, Director of Policy at the British Chambers of Commerce (BCC), said: “The National Infrastructure Commission is right to stress the importance of protecting infrastructure spend in the government’s forthcoming spending review. Business expects that the government will use the forthcoming Spending Review to reaffirm existing commitments to HS2, and commit
BCC Comments on GDP Figures
Commenting on the latest UK GDP statistics, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “While there was a strengthening in UK GDP growth in the first quarter, the headline figure has been flattered by a temporary boost from stockpiling ahead of a possible no-deal exit, and so does little to alter the UK’s underlying growth trajectory. There was also a marked loss of momentum through the quarter from the strong January outturn to output
Rail Sector Must See Real Reform to Improve Customer Experience, Says BCC
Commenting on the Rail Delivery Group’s submission to the Williams Review of the rail industry, Jane Gratton, Head of Business Environment at the British Chambers of Commerce (BCC), said: “We’ve always believed the private sector has a central role to play in delivering a rail network that is fit for purpose and that can take responsibility and respond quickly when things go wrong. Business communities across the country rely on the UK’s rail infrastructure to move people and goods to key markets, so it
Good Things That Have Happened at the Chamber
Happy Friday to everyone and we hope you have had a good week! In Chamber terms we would like to share five of the good things that have happened this week. This week our International Trade team have produced certificates for Devon businesses exporting to Iraq, UAE, India, China, Qatar, Italy, Turkey, South Africa, Croatia, Israel, Ukraine, Saudi Arabia, Egypt, Mexico and the Ivory CoastIn the last week we’ve had 2 new members join the Chamber – welcome to Bridge Connect Limited and Plymouth Raiders. It’s
BCC: 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 new research released today (Tuesday) 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. Two-thirds (67%) of respondents don’t
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BCC Comments on Inflation Figures
Commenting on the inflation statistics for March 2019, published today by the Office for National Statistics, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “CPI inflation was unchanged in March with rising prices for fuel and clothing, offset by downward pressure from across a range of goods including food and motor vehicles. “It remains probable that UK inflation will drift moderately higher in the coming months, with firms reporting that the pressure to raise prices
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BCC: Labour Market in Good Order but Challenges Remain
Commenting on the labour market figures for April 2019, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The strong increase in employment, coupled with another fall in the number of people out of work, suggests that the UK labour market remains in good order. “However, behind the strong headline figures a number of key challenges remain. “Businesses are increasingly reporting that persistent
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Business Management Students Survey
Business Management students from the University of Plymouth have recently released a survey to find out from local businesses what needs are imporatnt to them. We would appreciate it if you could find the time to complete this 2 minute survey. To complete the survey click here.
Good Things That Have Happened at the Chamber this Week
Happy Friday to everyone and we hope you have had a good week! In Chamber terms we would like to share five of the good things that have happened this week. Our CEO, Stuart Elford represented the Devon & Plymouth Chamber at the SW & Wales Regional Assembly which was also attended by members of the British Chamber of Commerce (BCC), including BCC’s CEO Adam MarshallIn the last week we’ve had 2 new members join the Chamber – welcome to Bridge Connect Limited and Millendreath Beach Resort. It’s fantastic to
Five Good Things That Have Happened at the Chamber This Week
Happy Friday to everyone and we hope you have had a good week! In Chamber terms we have five good things that have happened this week that we would like to share with you. We put on a highly successful Crunchy Breakfast on Thursday, in partnership with the Crowne Plaza. The theme was around bridging the skills gap and we had some excellent and very engaging speakers, so thank you to them all. Keep your eye on our events page for more events coming up!In the last week we’ve had 6 new members join the
BCC: Business Communities Still Have Little Sense of Brexit Destination
Commenting on the Prime Minister's announcement she will seek to extend the Brexit deadline, Dr Adam Marshall, Director General of the British Chambers of Commerce, said: “The clock is still ticking, and avoiding a messy and disorderly exit from the EU is still the top priority for our business communities. The government must take firm action, now, to ensure that this is not allowed to happen by default. “Yet businesses need to see outcomes, not just more process. On-going uncertainty is having a
BCC Quarterly Economic Survey Q1 2019: Business Hits the Brakes
The British Chambers of Commerce’s quarterly economic survey – the largest private sector survey of business sentiment and leading indicator of UK GDP growth – found that key indicators of UK economic health weakened considerably in the first quarter of 2019. The balance of services firms reporting a rise in export sales at its lowest level in a decadeThe balance of firms reporting improved cashflow turned negative for the first time since 2012Investment intentions in both manufacturing and services
BCC Forecast: UK Economy to Falter Further as Brexit Uncertainty Bites
The British Chambers of Commerce (BCC) has today (Monday) slightly downgraded its growth expectations for the UK economy, forecasting growth of just 1.2% in 2019 (down from 1.3%), which if realised would be the weakest growth in a decade. The BCC has also downgraded its growth forecast for 2020 to 1.3% (down from 1.5%) and published its first forecast for 2021 of 1.4% growth. A weaker outlook for business investment and trade amid continued Brexit uncertainty and slower expected global economic growth
BCC Comments on Article 50 Vote: Businesses Still in the Danger Zone
Commenting on the parliamentary vote on extending Article 50, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “While most businesses will support an extension to Article 50 to avert the prospect of a messy and disorderly exit on the March 29th, with just two weeks to go this vote leaves firms with no real clarity on the future. “Although Parliament has indicated this week its desire to avoid a no deal exit and has requested the Prime Minister seek an extension to
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BCC Comments on No-deal Brexit Vote
Commenting on the Parliamentary vote on the motion to rule out leaving the EU without a withdrawal agreement, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “It’s all well and good that Parliament has said it doesn’t want a no-deal exit, but without concrete action, its gestures are meaningless for business. A messy and disorderly exit on March 29th is still a clear and present danger. “The reality is that without action, businesses still face an uncontrolled exit
BCC: UK Must Avoid Messy and Disorderly Exit on March 29th
Commenting on the parliamentary defeat of the meaningful vote on the Brexit agreement, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Businesses have warned time and again that the United Kingdom is not ready to face the consequences of a messy and disorderly exit from the European Union. Government agencies are not ready, many businesses are not ready, and despite two and a half years passing since the referendum, there is no clear plan to support communities at the
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BCC Comments on No-deal Tariff Plans
Commenting on the announcement of changes to tariffs in the event of a no-deal Brexit, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “If the tariffs announced today were to come into effect, there would be winners and losers across UK industry overnight. The abruptness of changes to tariff rates in the event of a no-deal exit from the EU would be an unwelcome shock to many of the businesses affected. “If the government were to bring these tariffs into effect on
BCC Comments on Spring Statement
Commenting on the Spring Statement, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “The Chancellor is right to warn of the risks that a messy and disorderly exit on March 29th would pose for the economy. Westminster must heed the fact that businesses and government agencies are simply not ready for such an abrupt change, and Parliament must take concrete action tonight and in the coming days to avoid no-deal in just over a fortnight.” Commenting on the latest
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BCC: UK Economy Continuing to Slow Under Weight of Brexit Uncertainty
Commenting on the latest UK GDP and trade statistics, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:“Although there was an increase in GDP growth between December and January, the data for the longer three-month period recorded an economy that was continuing to slow under the weight of uncertainty over Brexit and weakening global trading conditions. The service sector remains the main driver of UK growth on this rolling three-month measure, with
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, according to the British Chambers of Commerce. Responding to the findings, and amid the significant cost pressures placed on business by the ongoing Brexit uncertainty, the leading business group is reiterating its call for government to delay the introduction of this major change, scheduled for just a few days after the
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BCC: Government Must Act Now to Prevent ‘No deal’ by Default on 29th March
Commenting ahead of today’s Cabinet meeting and the Prime Minister’s statement to the House of Commons on the Brexit negotiations, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “At this pivotal moment, the government must take decisive steps to avoid the damage that a messy and disorderly exit would cause to business and the economy in just a month’s time. “It is time to be honest. Government and its agencies are not prepared for a ‘no deal’ exit on 29th March.
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BCC Comments on Prime Minister’s Statement
Commenting on the Prime Minister’s statement to the House of Commons on the next steps in the Brexit process, Claire Walker, Co-Executive Director of Policy and Campaigns at the British Chambers of Commerce (BCC), said: “While this is a giant political leap for the Prime Minister, this is only a small step towards the clarity and precision that businesses need to chart their future direction. “The overriding priority is still to assure businesses and communities that an unwanted ‘no deal’ scenario will
BCC: Disappointing Lack of Progress on Continuity Trade Agreements
Commenting on the latest update to existing trade agreements if the UK leaves the EU without a deal, Dr Adam Marshall, Director General at the British Chambers of Commerce (BCC), said: “The lack of progress revealed today is an incredibly disappointing, though not unexpected admission. This is unfortunately yet another example where politicians have overpromised and underdelivered – and it is businesses and consumers both at home and abroad that will pay the price. “The British Chambers of Commerce has
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BCC Comments on Labour and Productivity Figures
Commenting on the labour market figures for February 2019, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The fall in unemployment and strong employment levels are further evidence that the UK jobs market remains resilient, with firms continuing to recruit despite an increasingly challenging economic backdrop. “With earnings growth holding steady, the gap between pay and price growth remains significant, providing some welcome respite to
BCC explanation of transitional simplified procedures for customs in the case of no deal.
This week, HRMC has written to 145,000 UK VAT-registered businesses trading with the EU about the transitional simplified procedures (TSP) for customs, in the event of a no deal scenario. We welcome the introduction of the TSP arrangements as a means of avoiding prolonged checks at the border and gridlock on the motorways in the event of a no deal Brexit, but businesses need to be alert to the new requirements. This is government planning for every eventuality, including a no deal scenario. Businesses are
BCC Comments on GDP & Trade Figures
Commenting on the latest UK GDP and trade statistics, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The latest data indicates that the UK economy suffered a significant loss of momentum in the final quarter of 2018, with Brexit uncertainty, a slowing global economy and the persistent financial squeeze on consumers and businesses increasingly having a suffocating effect on economic activity. “The slowdown in the fourth quarter largely
Plymouth 2020 Mayflower 400 Programme
Plymouth’s extraordinary and exciting Mayflower 400 programme for 2020 shows an ambitious programme of unforgettable events. Key highlights include:A major cultural programme funded by, amongst others, £700,000 from Arts Council England that includes a music theatre collaboration between UK and US communities with local artists Seth Lakeman and Nick StimsonSpectacular new events, including the Mayflower Week and Ocean FestivalCommunity engagement through education, arts and culture, sport and
BCC: Government Must Listen to Business on Tariffs
Commenting on reports that the Cabinet is considering options around making imports tariff-free across the board if we leave the EU next month without a deal, Adam Marshall, Director General of British Chambers of Commerce (BCC), said: “Businesses across the UK will be deeply concerned by reports that ministers are considering setting UK import tariffs to zero in the case of no-deal. “Ministers have not consulted with business on removing tariffs. They have shown no clear understanding of the damage that
BCC Comments on No Deal Customs Announcement
Commenting on the announcement by HMRC on Transitional Simplified Procedures for customs in the case of no deal, Ronan Quigley, Executive Director responsible for Trade at the British Chambers of Commerce (BCC), said: “The priority of business communities across the UK is to avoid a messy and disorderly Brexit on March 29th. In the unwelcome scenario of no deal, we have been fighting long and hard to avoid prolonged checks at the border and gridlock on our motorways. In the case of no deal, it is
BCC: Flexible Labour Market Limiting Impact of Sluggish Economy
Commenting on the labour market figures for January 2019, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The marked increase in employment is further evidence that the jobs market remains a major positive for the UK economy. Although some firms report that Brexit uncertainty and recruitment difficulties are weighing on hiring intentions, the high degree of flexibility of the labour market continues to limit the impact of a sluggish economy
BCC Responds to Result of Meaningful Vote
Responding to the Parliamentary defeat of the Meaningful Vote on the Brexit Withdrawal Agreement and Political Declaration, Dr Adam Marshall, Director General of the British Chambers of Commerce, said: “There are no more words to describe the frustration, impatience, and growing anger amongst business after two and a half years on a high-stakes political rollercoaster ride that shows no sign of stopping. Basic questions on real-world operational issues remain unanswered, and firms now find themselves
New Look Branding for Revitalised Devon and Plymouth Chamber of Commerce
The wraps were off the new branding for the renamed Devon and Plymouth Chamber of Commerce today (Friday 11th January), when the organisation’s chiefs joined Plymouth City Council leader Councillor Tudor Evans on Plymouth Hoe to unveil the logo from the top of a Plymouth Citybus vehicle. Stuart Elford, Chief Executive of Devon and Plymouth Chamber, said: “The launch of our new brand design is about much more than just a new logo; it is representative of the journey we are on that has seen a refreshed
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BCC Comments on GDP and Trade Figures
Commenting on the GDP and trade statistics for November 2018, published by the ONS today, Mike Spicer, Director of Research and Economics at the British Chambers of Commerce (BCC), said: “Despite a small improvement in GDP growth between October and November, the underlying three-month measure showed an economy that was slowing after what had been a stronger performance in the previous quarter. This is reinforced by the results of our own Quarterly Economic Survey, which found that the UK economy was
BCC Quarterly Economic Survey: Big Squeeze on Firms from Recruitment, Prices and Cash Flow
The British Chambers of Commerce’s quarterly economic survey – the UK’s largest private sector survey of business sentiment and a leading indicator of UK GDP growth – finds that the UK economy ended 2018 stuck in a weak holding pattern, with stagnating levels of growth and business confidence as a result of heightened Brexit uncertainty and other economic pressures. Key findings:•Percentage of services firms reporting an increase in domestic sales and orders drops to two year low•Recruitment difficulties
British Business Says no to No-deal in 100 Days’ Time
The UK’s five leading business groups, representing hundreds of thousands of businesses across the United Kingdom employing millions of people, today unite and call on politicians to prevent a disorderly ‘no-deal’ Brexit on 29th March. “Businesses have been watching in horror as politicians have focused on factional disputes rather than practical steps that business needs to move forward. The lack of progress in Westminster means that the risk of a ‘no-deal’ Brexit is rising. Businesses of all sizes are
BCC: Immigration Proposals Could Leave UK Businesses with Their ‘Hands Tied’
Commenting on the publication of the government’s Immigration White Paper, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “While these proposals are not quite as bad as we had originally feared, it’s no secret that companies across the UK are sceptical about whether the government’s approach will actually deliver on their practical, real-world concerns. “From Cornwall to Inverness, from Northern Ireland to Norfolk, employers are hugely concerned that the complexity
BCC Forecast: Business Investment Deep Freeze to Continue in 2019
Uncertainty over the UK’s future relationship with the EU is one of many factors that has weakened the outlook for business investment, according to the latest forecast by British Chambers of Commerce (BCC). The UK’s leading business group forecast a decline of -0.6% for business investment this year following weaker than expected data. This is a sharp decline from the 1.0% growth previously forecast. The BCC also expects business investment to grow by just 0.1% in 2019, down from 1.2% growth in its
Councillor Tudor Evans Visits Devon & Plymouth Chamber's New Premises
City Council Leader Tudor Evans visited the Devon & Plymouth Chamber of Commerce to meet with the Chamber’s Chair, Richard Stevens and Chief Executive, Stuart Elford. Councillor Evans, was delighted to visit the Chamber’s new premises where he was given a tour and was very interested to hear about the Chamber expanding their services to their members over the next few months. The Chamber’s CEO Stuart Elford said of the visit: “It was fantastic to welcome Councillor Evans to our premises and discuss
BCC: Time to put Political Games to Bed
Commenting on the confidence vote in the Prime Minister, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “With news that the Prime Minister remains in place, business communities will hope that these political games can finally be put to bed. Westminster must now focus all its energy on urgently giving businesses clarity on the future and avoiding a messy or disorderly Brexit. “We are just over 100 days to go until the UK leaves the EU, and firms are still in the
BCC: Westminster Should be Focused on Needs of the Country
Commenting on the news that the Prime Minister will face a vote of no confidence, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “At one of the most pivotal moments for the UK economy in decades, it is unacceptable that Westminster politicians have chosen to focus on themselves, rather than on the needs of the country. “The utter dismay amongst businesses watching events in Westminster cannot be exaggerated. Our firms are worried, investors around the world are
Employees Awarded International Trade Qualification
First Employees Awarded Nationally Recognised International Trade Qualification as Devon And Plymouth Chamber Launches New Training Courses for 2019. The International Trade team, at Devon & Plymouth Chamber of Commerce has just announced its training programme for 2019, following on from its highly successful 2018 programme which saw two people become the first recipients of Foundation awards in International Trade. The British Chamber of Commerce training programme covers all aspects of exporting
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BCC: Business Intensely Frustrated by yet Another Delay
Responding to the Prime Minister’s statement to the House of Commons on delaying Parliament’s ‘meaningful vote’ on the Brexit Withdrawal Agreement and Political Declaration, Dr Adam Marshall, Director General of the British Chambers of Commerce, said: “Firms are looking on with utter dismay at the ongoing saga in Westminster, and express concern that politicians are seemingly acting in their own interest, with little regard for the millions of people whose livelihoods depend on the success of UK business
British Chambers of Commerce Comments on Labour Market Figures
Commenting on the labour market figures for December 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:“While the latest data confirms that the UK jobs market remains in good shape, the second successive rise in unemployment, coupled with a decline in the number of people who are not seeking work, is further evidence of the increasing tightness in the UK labour market. However, businesses report that the political and economic turbulence,
BCC/DHL: Price Pressures Hitting Manufacturing Exporters
The British Chambers of Commerce, in partnership with DHL, today (Sunday) publishes its latest Quarterly International Trade Outlook, based on survey and export documentation data. It finds that as the clock ticks ever closer to Brexit, a combination of exchange rates and price pressures is forcing exporters to increase prices. The survey, of over 2,500 exporters, shows that there is an increasing number of firms who are expecting to increase prices in the next three months. 41% of manufacturers and 34%
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BCC: Brexit Uncertainty Weighing on the Economy and Trade
Commenting on the GDP and trade statistics for October 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The latest GDP data is further evidence that the drag effect of persistent Brexit uncertainty and the significant cost pressures faced by consumers and businesses is taking its toll on the UK economy. “The slowdown on the underlying three-month measure of GDP was largely driven by weaker service sector growth as car sales fell. That
Want to join the Chamber in our new offices?
Devon and Plymouth Chamber currently has four offices available to rent, ranging from 95 to 908 sq ft. Conveniently situated in the Derriford Business Park, the modern offices come on a fully serviced basis including internet connectivity, heat, light, power, rates, cleaning, security and a number of allocated on-site parking spaces. There is also a communal kitchen, breakout area, toilets, a shower and bookable meeting rooms. Telephony, including hardware, software, licences and unlimited calls to UK
BCC: No Deal Advice on EU Citizens Long Overdue
Commenting on the publication of the policy paper by DExEU on the rights of EU citizens in the UK in the event of no deal, Jane Gratton, Head of Business Environment and Skills at the British Chambers of Commerce said: “While it is long overdue, businesses and EU citizens in the UK will welcome the clarity on how the EU Settlement Scheme will operate in the event of no deal. “Advice on EU nationals was glaringly absent from the no deal technical notices published by the government over the summer,
Expressions of Interest – Devon Business Show
Devon and Plymouth Chamber of Commerce is seeking Expressions of Interest (EOI) in partnering to deliver the Devon Business Show. This exciting and commercially successful event is held annually at Plymouth Pavilions and is next booked for 12th June 2019. This high-profile event usually sells out approximately 120 stands at the show for exhibitors from various business sectors and industries, with opportunities for sponsored areas and events in a busy schedule. There are many elements that go into
Migration Figures are Nothing to Celebrate
Commenting on the latest migration statistics, published today by the ONS, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “These latest figures are nothing to celebrate when businesses up and down the country are facing record high skills shortages. “Despite valiant efforts to recruit at home, employers need people to fill vacancies where there are local shortages. As the UK leaves the European Union our government should be shouting from the rooftops about its desire
Plymouth’s 2020 Mayflower 400 Programme Revealed
Plymouth’s Mayflower 400 programme for 2020 has been revealed today. Key highlights include: A major cultural programme funded by, amongst others, £700,000 from Arts Council England that includes a music theatre collaboration between UK and US communities with local artists Seth Lakeman and Nick StimsonSpectacular new events, including the Mayflower Week and Ocean FestivalCommunity engagement through education, arts and culture, sport and volunteering 2020 is the 400th anniversary of the Mayflower voyage,
Devon & Plymouth Chamber of Commerce Events Promotional Video
Lesley Shorrocks, our Deputy Chief Executive has filmed an events promo video. To view the video, please click here.
EU Exit information and Policy Paper
The United Kingdom and the European Union negotiating teams have reached agreement in principle on the Withdrawal Agreement. The terms of the UK’s departure on 29 March 2019 have been established, providing a smooth exit and orderly transition to the future relationship for people, businesses and organisations across our country. You can read a Withdrawal Agreement explainer and Technical Explanatory note on Articles 6-8 on the Northern Ireland Protocol in full here. The Withdrawal Agreement provides
BCC Comments on Brexit Agreement
Commenting on the announcement from the Prime Minister that the Cabinet has backed the draft Withdrawal Agreement and the political declaration on the future relationship between the UK and the EU27, Dr Adam Marshall, Director General of the British Chambers of Commerce, said: “Businesses will recognise the huge efforts made by the Prime Minister and across government to reach this milestone. “With people’s livelihoods and the future prospects for many companies in the balance, this is not the time for
BCC: Brexit Uncertainty and Skills Shortages Starting to Weigh on Jobs Market
Commenting on the labour market figures for November 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The slight increase in the unemployment rate suggests that the UK jobs market may be starting to falter under the weight of persistent Brexit uncertainty and chronic skills shortages. While the number of people in work remains close to historic highs, our own research confirms that there has been a significant deterioration in the share of
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BCC: Quarterly Growth Not Likely to Maintain Momentum
Commenting on the first estimate of GDP for Q3 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said “While the pick-up in GDP growth in the third quarter is welcome, the stronger headline figure masks a loss of momentum through the quarter from the particularly strong July outturn, when a number of temporary factors, including the heatwave and the World Cup, boosted activity. “The services and construction sectors were the strongest performers
Devon And Plymouth Chamber Pledges Support For Plymouth Working Towards Becoming A Compassionate City
On Wednesday 7th November Devon and Plymouth Chamber, in partnership with St Luke’s Hospice, hosted a Crunchy Breakfast to launch the call to other businesses to join the Chamber in working towards Plymouth becoming an accredited Compassionate City. The Chamber has pledged its support to the Compassionate City project which brings together Plymouth City Council, St Luke’s Hospice and many other organisations to build emotional resilience in our community and to ensure that Plymouth is as compassionate a
Small Business Saturday - 1st December
Could your business feature as a case study? Small Business Saturday is planned for 1st December and the Cabinet Office will be showing their support again this year, and in the buildup they plan to celebrate small businesses across the South West as well as letting them know about what free government support is available. The four themed weeks are as follows: W/c 5 Nov: Business EnvironmentW/c 12 Nov: Employment and SkillsW/c 19 Nov: ExportingW/c 26 Nov: Shop Local They are looking for small businesses
The Big Brexit Christmas Breakfast
On Thursday 6th December, Devon & Plymouth Chamber of Commerce will be hosting a unique Christmas networking event, taking a light-hearted view on how we are all surviving Brexit so far. With the uncertainty around Brexit at this current time, this event will provide businesses with the opportunity to come together to celebrate the festive season and to network around this topical subject. Come and hear brilliant presenter, David Fitzgerald talk about his views on the whole Brexit process. Meet similar
Initial BCC Reaction to Budget 2018
Giving his initial reaction to the Chancellor’s Autumn Budget, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “In an atmosphere of unprecedented uncertainty and heightened political noise, the Chancellor has demonstrated that he is listening to business concerns by delivering a Budget that supports investment and growth. “The Chancellor responded directly to the BCC’s calls for bold incentives to turbo-charge business investment, for steps to support high street
Budget 2018: Full BCC Reaction to Autumn Budget
Giving his reaction to the Autumn Budget 2018, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “In an atmosphere of unprecedented uncertainty and heightened political noise, the Chancellor has demonstrated that he is listening to business concerns by delivering a Budget that supports investment and growth. “The Chancellor responded directly to the BCC’s calls for bold incentives to turbo-charge business investment, for steps to support high street businesses
BCC: This cannot be ‘business as usual’ Chancellor
Ahead of the Autumn Budget on Monday, the British Chambers of Commerce is urging the Chancellor to take bold measures to bolster business investment, competitiveness and productivity in the face of Brexit headwinds. The leading business group, which represents almost 75,000 companies employing six million people across the UK, is warning that a ‘business as usual’ approach to this Budget simply won’t be good enough and would leave business communities ill-equipped to overcome the significant period of
BCC Welcomes Chancellor’s Support Package for UK High Streets
Commenting on the Chancellor’s proposals for the high street in the upcoming Autumn Budget, Hannah Essex, Co-Executive Director of Policy and Campaigns, at the British Chambers of Commerce (BCC), said: “We’re delighted that the Chancellor has heeded our calls to abandon the uprating of business rates for the high street for the next two years, and gone further by cutting bills for the vast majority of high street firms. It’s crucial that we support our town centres as they find their place in a
No-deal Brexit Will Impact on Both Sides of the Channel, say BCC and Northern European Chambers
BCC convenes a meeting with DEXEU Secretary Dominic Raab and seven Northern European Chambers of CommerceThe group collectively represents regions and nations that cover 70% of UK-EU trade – around £344bn in 2016Recent research by BCC shows a fifth of businesses will move part or all of their business to the EU in the event of a no-deal BrexitAt a meeting today (Thursday) with Brexit Secretary Dominic Raab, the British Chambers of Commerce and six Northern European Chambers of Commerce come together to urge
Plymouth is Working Towards Becoming a Compassionate City
Plymouth is working towards becoming an accredited Compassionate City, which will see the city council, St Luke’s Hospice and many other organisations working together to build emotional resilience in our community and ensure that the city is as compassionate a place to live and work as possible, for people nearing the end of their life as well as those left behind grieving. The notion of Plymouth becoming an accredited Compassionate City came about in mid-May, after St Luke’s Hospice Plymouth hosted a
The Plymouth Area Business Council Dinner
The Plymouth Area Business Council dinner will celebrate its 20th year this year. Not only will the dinner mark the organisation’s long association with the armed forces based in Plymouth, the event being again held in the Royal Marine barracks in Stonehouse, but also the association with and support from the city’s University. Richard Stevens, Chairman of the Plymouth Area Business Council said: “As we mark our twentieth year, we look to the future and it is fitting that we have the University’s support
BCC: Ease Brexit Uncertainty to Boost Innovation Through Trade
Half of businesses surveyed say that Brexit is making it difficult to decide whether to import or export, hampering British tradeVolatility of sterling is also causing concernBCC has long been calling for clarity for business on the practical questions over BrexitThe BCC International Trade Summit takes place today at etc venues, 155 Bishopsgate, London A survey by British Chambers of Commerce, in partnership with DHL Express UK, has today revealed that almost half – 49% – of businesses have uncertainty
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BCC: Inflation Trajectory Likely to be Bumpy Over Coming Months
Commenting on the inflation statistics for September 2018, published today by the Office for National Statistics, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “Inflation slowed for the first time since April, with food and non-alcoholic drinks placing the largest downward pressure on price growth in September. “Inflation’s trajectory is likely to fluctuate somewhat over the coming months as downward momentum from a more subdued economy trades off against upward
Devon and Plymouth Chamber of Commerce Appoints Vice Chairs
Following on from the recent Board electionsannounced at the Devon and Plymouth Chamber of Commerce Annual General Meeting, we are pleased to announce that two of our current directors have also been nominated as vice chairs, as our new CEO Stuart Elford also takes up his position. Congratulations to Donna Barnes and Carolyn Giles who have now taken up their positions working alongside the current chair, Richard Stevens. Donna Barnes is the founder and Director of the Talem Recruitment Group which
BCC: Meaningful Wage Growth Stifled by Underlying Issues in Labour Market
Commenting on the labour market figures for October 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “With UK employment high by historic standards and unemployment continuing to fall, the latest figures paint a positive picture of the UK jobs market. “While wage growth increased again, the pace at which pay growth is exceeding price growth remains well below the historic average, meaning the current squeeze on spending power is
Peninsula Rail Taskforce - Closing the Gap
SW Rail Enforcement for Our Future Closing the gap is the Peninsula Rail Task Force plan to achieve Government investment in our rail network. With this investment, we have the potential for huge growth in the South West. This investment is so vital that we do not see the disruption to rail services as seen in 2014. This caused big losses to our businesses in Plymouth and throughout the SW. With investment we will achieve:Resilience and ReliabilityFaster Journey TimesImproved Connectivity with
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BCC Comments on Latest Batch of No-deal Technical Notices
Commenting on the latest tranche of technical notices to advise businesses in the event of a no-deal Brexit, Hannah Essex, Co-Executive Director at the British Chambers of Commerce (BCC), said: “Firms will welcome the additional information provided in the final batch of technical notices, yet many questions remain unanswered. These highlight the urgency and importance of the UK government and the EU reaching an agreement as soon as possible, to avoid the confusion and significant disruption of a no deal
BBC Inside Out South West Investigates how Businesses are Preparing for Brexit in the South West
To view the programme click here.
BCC Initial Reaction to the Government’s Post-Brexit Immigration Plans
Commenting on the government’s post-Brexit immigration plans, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Businesses have been waiting with great impatience for more detail on the UK’s future immigration policy, and many will have decidedly mixed views about the Prime Minister’s plans. “First impressions matter to business, and our companies will welcome the promise of speedier entry into the country for many short-term business visitors and
BCC comments ahead of Chancellor’s speech: Right mood music, more action needed
Commenting ahead of the Chancellor’s speech at the Conservative Party Conference, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Philip Hammond is setting the right mood music by highlighting that it is business that drives prosperity and growth for everyone. While businesses will welcome the Chancellor’s pro-enterprise tone, they will be looking to his upcoming Budget for concrete action to boost investment and confidence. On the Chancellor’s announcements regarding
BCC Reacts to Chancellor’s Speech
Commenting on the Chancellor’s speech at the Conservative Party Conference, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “After a period where many in business have felt that their concerns have not been centre stage in Westminster, firms will be heartened by the Chancellor’s forthright support for business as the foundation of both a strong economy and a strong society. It is right to champion the positive role that businesses play, day in and day out, across our
Plymouth One of Ten Cities Shortlisted for Major Transport Funding
•10 city regions shortlisted for share of £1.7 billion fund to overhaul transport links between suburbs and city centres•Plymouth, Norwich and Sheffield amongst ten more city regions set to benefit •£60 million available in the coming year to kick start transport upgrades•Better transport links will mean more well-paid jobs and opportunities for people Communities across the UK will benefit from £840 million to upgrade public transport links, the Prime Minister has announced today. The shortlist of ten
Major new BCC survey finds investment and recruitment would be cut in the event of 'no deal'
One of the biggest surveys of business intentions since the EU referendum has 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. With just six months to go before the UK leaves the EU, the British Chambers of Commerce is calling for UK ministers to redouble their efforts to reach an agreement with the EU – and ensure a transition period that could help firms prepare for change and prevent a
BCC Comments on PM Bloomberg Speech in New York
"Firms will welcome the Prime Minister’s message to the world that the UK is open for business. However, what our business communities need is concrete action, not just warm words. “While the message was positive, corporation tax is far from the only concern facing Britain’s businesses and investors at this time. Companies want to see bold measures to boost the domestic business environment, and big incentives to support investment and build confidence. From the stuttering training system to poor digital
BCC Responds to Shadow Business Secretary
Commenting on the Shadow Business Secretary, Rebecca Long-Bailey’s speech at Labour Party Conference, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Our business communities tell us over and over that high streets send an important signal about their areas. If high streets look like ghost towns, local confidence and investment both take a knock. “It is encouraging to hear the Labour Party talking about concrete measures to support the high streets of our towns and
BCC Comments on Jeremy Corbyn's Labour Conference Speech
Commenting on Labour leader Jeremy Corbyn MP’s speech at the Labour Party Conference, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “While there were some bright spots, Jeremy Corbyn missed a golden opportunity to extend an olive branch to British business, big and small alike. “Labour must work more closely with businesses to transform the economy to the benefit of people and communities across the UK. Success depends on a partnership between business and government,
BCC Comments on Latest ‘No Deal’ Technical Notice
Commenting on the latest tranche of technical notices to advise businesses in the event of a no-deal Brexit, Mike Spicer, Director of Research and Economics at the British Chambers of Commerce (BCC), said: “While some businesses will be reassured by some of the details in these notices, such as around IP protection and geographical indications, the admission that loss of market access is a possibility for others will be deeply unsettling to those affected. There will be major concerns in industries like
BCC: Labour Proposals Unprecedented Overreach that Increases Uncertainty for Business
Commenting on the Labour Party’s proposals ahead of the Shadow Chancellor John McDonnell’s speech at the Labour Party Conference, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Let no one be fooled. Labour’s proposals are both a tax grab and an unprecedented overreach into the way many of our businesses are run. This is a missed opportunity to reassure British business that a future Labour government would seek to build greater stability and confidence for business
BCC at Party Conferences: Business Needs Action in the National Interest – not Political Self-interest
In the midst of party conference season, the British Chambers of Commerce has challenged the two leading UK political parties to put a stop to Westminster in-fighting and point-scoring – and prioritise action in the national interest in the face of Brexit uncertainty and slowing economic growth. The call from the leading business group – which represents 75,000 companies employing nearly six million people in all regions and nations of the UK – reflects the frustration of business communities with
OIIO FOCUS GROUP NETHERLANDS 2018 Social Media Activity
Please click here for the Social Media Activity Report by Fresh Air Group in association with Devon Chamber of Commerce on 20/09/18.
BCC Comments on Labour Market Figures
Commenting on the labour market figures for September 2018, published today by the ONS, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The continued drop in unemployment and strong employment levels are further evidence that the UK jobs market remains a bright spot, with firms continuing to hire despite significant economic uncertainty. “However, the robust headline data masks several areas of concern. While there was a welcome increase in earnings growth, the gap between
BCC: Keeping Overseas Students in Immigration Statistics the Wrong Decision
Commenting on the Migration Advisory Committee’s report on overseas students, Jane Gratton, Head of Business Environment and Skills at the British Chambers of Commerce (BCC), said: “Business communities around the UK will be bitterly disappointed not to see support for the removal of overseas students from the immigration statistics. We have been calling for the removal of international students from the immigration figures for a long time as the vast majority go home after completing their courses. “The
Chamber takes up residence in Derriford Business Park today (Monday 10th September)
Today (Monday 10th September) sees the Plymouth and Devon Chamber of Commerce team relocate from its Georgian city centre premises in Lockyer Street to a modern office building at Unit 5, Derriford Business Park, Brest Road, Plymouth PL6 5QZ. The spacious office unit at Derriford Business Park will give the Chamber room to develop and expand its member services and activities in the future, as it will be able to host larger events and training programmes as well as provide smaller meeting spaces and break
BCC/DHL: Sterling Volatility Major Ongoing Concern for Exporters
The British Chambers of Commerce, in partnership with DHL, today (Friday) publishes its latest Quarterly International Trade Outlook, based on survey and documentation data from UK exporters. The Outlook indicates that many exporters are performing well but economic and political factors are weighing on them. The survey, of over 2,600 exporters, found that confidence in future operations remains strong, but external economic and political factors are having an impact. The results show 60% of exporting
BCC Comments on Brexit Notices: A Start, but Businesses Need More Detail
Commenting on the publication of the first tranche of UK Government technical notices aimed at giving businesses and consumers advice on the implications of a 'no deal' exit from the European Union, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Public preparations for all eventualities – and clear, crisp communication with affected businesses – are long past due. "The technical notices being published by the UK government are a good start, but businesses still need
BCC Comments Ahead of Release of ‘no deal’ Brexit Notices
Commenting ahead of the publication of technical notices from the government relating to the possibility of ‘no deal’ in the Brexit negotiations, Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “Businesses have waited too long for answers to some basic questions around Brexit - and have been particularly frustrated by the lack of clear guidance on some of the issues that are within the UK government’s own control. ‘No deal’ preparations should have happened far earlier,
UK Set for Pay Rise, Says BCC and Indeed
One in two businesses (50%) are set to grant staff pay rises of over 2% in the next year, according to a new survey by leading business organisation British Chambers of Commerce (BCC) and online recruitment company Indeed. The survey, of over 1,000 businesses of all sizes and sectors, reveals that 6% of firms will increase pay by more than 5%, 32% by 2-5%, 12% in line with consumer price inflation, and 18% by 1-2%. Only 2% of firms say that they expect to decrease salaries – set against a backdrop of
‘Ill-judged’ Interest Rate Rise Risks Undermining Confidence, says BCC
Commenting on today’s interest rate decision by the Bank of England’s Monetary Policy Committee, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The decision to raise interest rates, while expected, looks ill-judged against a backdrop of a sluggish economy. While a quarter point rise may have a limited long-term financial impact on most businesses, it risks undermining confidence at a time of significant political and economic uncertainty. “The increase reinforces a
New Chief Executive Appointed
At an exciting point in the future development of Plymouth and Devon Chamber of Commerce and its varied activities, the Chair, Richard Stevens, today announced the appointment of Stuart Elford as its new Chief Executive Officer (CEO). The Chamber Board recently oversaw a rigorous recruitment process for a new Chief Executive and the British Chambers of Commerce accredited Chamber is now embarking on a development plan which will see it move to new business premises within Plymouth and begin to expand the
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The Heart of the South Local Enterprise Partnership is currently consulting on its document entitled ‘Stepping up to the Challenge.’ This is a draft Productivity Strategy for the counties of Devon and Somerset. Our area compares unfavourably with most in the county in terms of the volume of the work achieved, per hour, spend on innovation, number of companies which export and overall how competitive our economy is. The strategy aims to double the size of the local economy by 2030 and improve our relative
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