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BCC comments on interest rate decision
BCC comments on the Monetary Policy Committee’s interest rate decision.
16th March 2017
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:
“While the Bank of England’s decision to keep interest rates on...Read More »
BCC: pause for thought on NICs is welcome
Commenting on the statement by Chancellor Philip Hammond pausing the rise in National Insurance Contributions for the self-employed, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:
“The NICs rise, together with the cut to dividend tax-free allowances, was not viewed favourably by entrepreneurs – so...Read More »
BCC Economic Forecast: UK growth upgraded for 2017 but to remain flat in the medium-term
Today the BCC releases its latest latest economic forecast.
14th March 2017
The British Chambers of Commerce (BCC) has today (Tuesday) upgraded its UK GDP growth forecast for 2017 from 1.1% to 1.4%. However, it has downgraded its expectations slightly for 2018 from 1.4% to 1.3%, and published its first...Read More »
BCC comments on statement by Scottish First Minister
Adam Marshall comments on the prospect of a second Scottish independence referendum.
13th March 2017
Commenting on the statement by Scottish First Minister Nicola Sturgeon that she will seek a second Scottish independence referendum, Dr Adam Marshall, Director General of the British Chambers of Commerce, said:
“Business communities all across the...Read More »
BCC comments on OBR forecast
Commenting on the latest forecasts by the Office for Budget Responsibility, published today in conjunction with the Chancellor’s Spring Budget, Suren Thiru, Head of Economics at the BCC, said:
“The OBR’s latest forecasts provide a more optimistic assessment of the UK’s near-term economic prospects compared to the Autumn Statement...Read More »