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Chamber NewsJust over a week left to enter Somerset Business Awards!

Just over a week left to enter Somerset Business Awards!

Businesses, individuals and charities have just over a week left to enter the Somerset Business Awards 2022 – and with 14 categories there is something for firms of all sizes across all sectors. The deadline for entries is Friday, December 3, with all entries needing to be submitted via the Somerset Business Awards website www.somersetbusinessawards.org.uk. The awards are now in their 17th yea...

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Chamber NewsHigher energy prices and supply chain costs fuel surge in inflation

Higher energy prices and supply chain costs fuel surge in inflation

The cost of living surged by 4.2% in October - the highest rate in almost 10 years - due to rising fuel and energy costs, according to new data from the Office for National Statistics. The consumer price index measure of inflation is now more than double the Bank of England's target. The reading reading is far higher than the 3.1% rise recorded in the year to September and ahead of economists' f...

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Chamber NewsEight out of 10 firms report increased prices as supply chain pressures mount

Eight out of 10 firms report increased prices as supply chain pressures mount

New BCC data released today from a survey of over 1,000 businesses has thrown sharp focus on the impact of skills and commodities shortages for UK firms, with spiralling prices in evidence. The data show an overwhelming majority of businesses are raising prices as they face acute shortages and cost pressures - with vehicle fuel, shipping containers and utilities cited as t...

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Chamber NewsBCC gives full response to October 2021 Budget

BCC gives full response to October 2021 Budget

Giving her reaction to the Chancellor’s budget, Shevaun Haviland, Director General of the BCC, said: “There is much to welcome in this Budget for business communities across the UK. “The Chancellor has listened to Chambers’ long-standing calls for changes to the business rates system and this will be good news for many firms. This will provide much needed relief for businesses across t...

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Chamber NewsAutumn Budget and Spending Review 2021 - Government factsheet for business

Autumn Budget and Spending Review 2021 - Government factsheet for business

Today the Chancellor Rishi Sunak delivered the Budget and Spending Review for 2021, setting out an ambitious package of investment in innovation, infrastructure and skills, which – in partnership with business – will deliver sustainable growth and put us on the path to a high-productivity, high-skilled, high-wage economy that levels up every part of the UK. How will the Budget and Spending Re...

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Chamber NewsNew data shows export recovery remains flat amid disruption to supply chains

New data shows export recovery remains flat amid disruption to supply chains

A survey of 2,600 UK exporters has revealed that the recovery in export sales has largely stalled in Q3. The proportion of firms reporting increased sales rose only three points (to 30%) from Q2 (27%), whilst the proportion reporting decreased sales fell by just two points (Q3:26%/ Q2: 28%).  The balance of manufacturers reporting increased export sales was +7%, down from +8%...

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Chamber NewsSeptember inflation dip a 'temporary data distortion', according to BCC

September inflation dip a 'temporary data distortion', according to BCC

Price rises dipped slightly in September as the economy continued to reopen, according to official figures. The increase in the cost of living, as measured by the Consumer Prices Index, fell to 3.1% in the year to September, down from 3.2% in August. Higher prices for transport were the biggest contributor to price rises. Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), ...

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Chamber NewsNine in 10 hospitality firms struggle to find staff – BCC Quarterly Recruitment Outlook Q3 

Nine in 10 hospitality firms struggle to find staff – BCC Quarterly Recruitment Outlook Q3 

New figures released today by the British Chambers of Commerce saw the proportion of firms struggling to recruit staff climbing precipitously, with issues in the service sector reaching historically significant levels. Drawn from the BCC’s Quarterly Recruitment Outlook for Q3, the data was derived from a survey of over 5,600 firms.  Attempted recruitment during Q3 was up on previous...

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Chamber NewsBook your place at Somerset Chamber’s AGM

Book your place at Somerset Chamber’s AGM

Somerset Chamber will be holding its AGM next month, giving members the chance to find out more about our activities over the last year. There will be financial updates, an insight into the last year’s events calendar, an update from the Hinkley Supply Chain and details about how the Chamber has helped businesses during lockdown and beyond. We will also be appointing new directors at the AGM a...

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Chamber NewsSMEs advised to tackle carbon footprints to win work

SMEs advised to tackle carbon footprints to win work

Small and medium-sized businesses should take action and reduce their carbon footprints now in order to win future contracts based on their green credentials, industry leaders said this week. Half of businesses have started working towards net zero but almost 50% of those surveyed by Somerset Chamber of Commerce said that while they had some knowledge of the subject, they still did not know enoug...

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Chamber NewsAnaemic cashflow and investment coupled with inflationary pressures puts economy under strain

Anaemic cashflow and investment coupled with inflationary pressures puts economy under strain

The British Chambers of Commerce's (BCC) Quarterly Economic Survey (QES) – the UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth – has shown that while businesses continue to recover from the deepest recession on record, persistent weakness in several indicators highlight concerns over the strength of the recovery.  The survey of over 5,...

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Chamber NewsBCC says new EU Export Support Service must add value  

BCC says new EU Export Support Service must add value  

Commenting on the new EU Export Support Service William Bain, Head of Trade Policy at the British Chambers of Commerce, said it was the vital the service offered added value rather than added confusion. He said: "Business has been pointing out the daily difficulties firms, large and small, have had with the new trading terms for EU exports since they started on January 1.   “Many have found...

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Chamber NewsWorker crisis threatening the future of business in South West

Worker crisis threatening the future of business in South West

Businesses in the South West desperately need a roadmap out of the current labour crisis with a clear plan for the future of our workforce or the region’s key sectors may suffer irreparable damage, says the British Chambers of Commerce South West (BCCSW). The organisation, which represents thousands of companies in the South West, says the Government’s plan to provide temporary visas for driv...

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Chamber NewsGovernment's temporary visa plan likened to 'throwing a thimble of water on a bonfire'

Government's temporary visa plan likened to 'throwing a thimble of water on a bonfire'

The British Chambers of Commerce has likened the Government's temporary visa plan for lorry drivers and poultry workers as "throwing a thimble of water on a bonfire".  Up to 10,500 lorry drivers and poultry workers will be able to apply for temporary UK visas as the Government seeks to limit disruption to supply chains in the run-up to Christmas.Some 5,000 fuel tanker and food lorr...

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Chamber NewsMore funding for digital skills bootcamps

More funding for digital skills bootcamps

The Digital Skills Partnership has secured an additional £2.5 million pounds of funding has been for #Train4Tomorrow Skills Bootcamps, to supplement the £2.2 million programme launched earlier in the year. There are 30+ new courses now enrolling, these are open to individuals and employers looking to train employees.  More information is available here:  https://skillslaunchpad.org.uk/skills/...

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