Latest news from the British Chambers of Commerce
Updated: 17 min 19 sec ago
BCC comments on the UK GDP statistics for Q1 2017 released today.
Director General Adam Marshall comments on the announcement by Prime Minister Theresa May that she is to seek a General Election on June 8th.
BCC publishes the results from its digital survey, which shows that one in five businesses has been the victim of a cyber-attack in the past year.
One in five businesses have fallen victim to cyber-attacks in the past year, according to the results the British Chambers of Commerce Digital Economy Survey, released on Tuesday 18 April 2017. The survey of more than 1,400 businesses across the UK found that 84% of firms say digital and IT skills are more important to their business than two years ago, with half (51%) saying these skills are significantly more important. The survey of more than 1,200 businesses across the UK found that 20% had been hit by a cyber-attack in the last 12 months. Big businesses are far more likely than their smaller counterparts to be victims of attacks (42% of companies with more than 100 staff, compared to 18% of companies with fewer than 99 employees). The results indicate that businesses are most reliant on IT providers (63%) to resolve issues after an attack, compared to banks and financial institutions (12%) or police and law enforcement (2%). The findings show that 21% of businesses believe the threat of cyber-crime is preventing their company from growing.
The British Chambers of Commerce Quarterly Economic Survey (QES) – the UK’s largest and most authoritative private sector business survey, based on 7,300 responses from companies in Q1 2017 – shows that the manufacturing and services sector are reporting solid growth, with both experiencing increases in domestic and export sales since the previous quarter. The results of the survey found that businesses are continuing to feel inflationary pressures. The percentage of manufacturers reporting raw materials as the key driver of increased prices is at the highest since Q4 2011, and in both sectors a significant proportion of firms anticipate having to raise their own prices over the next three months.
Today the BCC releases the results of its Quarterly Economic Survey for Q1 2017.
BCC and Chambers from the network comment on the Lower Thames Crossing announcement made today by the Minister for Transport.
BCC's Head of Economics, Suren Thiru, comments on the inflation statistics for March 2017.
BCC's Head of Economics, Suren Thiru, comments on the latest trade statistics.
Digital skills are increasingly important to the operation of businesses in the UK but companies are facing a shortage of skills in their workforce which is hampering productivity, according to the results the British Chambers of Commerce Digital Economy Survey, released on Friday 7 April 2017. The survey of more than 1,400 businesses across the UK found that 84% of firms say digital and IT skills are more important to their business than two years ago, with half (51%) saying these skills are significantly more important. However, the survey also found that more than three-in-four businesses are facing a shortage of digital skills in their workforce, with 52% reporting a slight shortage, 21% a significant one and 3% a critical shortage.
Today the BCC releases the results of our digital survey on skills.
Catherine Stewart of Scottish Widows discusses the results of their Women and Retirement Report.
Commenting on the start of the new tax year, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:
Director General Adam Marshall comments on the publication of the Great Repeal Bill White Paper.
On the day Article 50 is triggered, Dr Adam Marshall, comments on the start of the Brexit negotiations.
Businesses across the UK, particularly in rural areas, are still without reliable broadband connections, despite companies saying the availability of fully functional broadband is extremely important to their operations, according to the results the British Chambers of Commerce Digital Economy Survey, released on Monday 27 March 2017. All companies surveyed (99%) say a reliable broadband connection is important, (82% say extremely so), yet nearly one in five (18%) suffer from unreliable connections (11% not very reliable; 7% not at all reliable). The findings also show that firms in rural areas are at least twice as likely to have unreliable connections (30%) as those in towns (15%), inner cities (13%), and suburban areas (12%). The survey found that firms in both sectors, particularly in manufacturing, are facing pressure to raise prices, principally as a result of the cost of raw materials and other overheads.
Today the BCC launches results from a digital survey on broadband connectivity for businesses in the UK.
Following the Spring Budget, BCC's Director General Adam Marshall, discusses what the Chancellor can do to boost competitiveness
BCC comments on the inflation and public sector finances for February 2017.
Gleeds' Head of Transport & Infrastructure discusses the importance of infrastructure investment for the UK economy.