Skip to: main navigation | main content | sitemap | accessibility page

Chamber NewsBCC Coronavirus Business Impact Tracker: More than 70 per cent of firms surveyed have furloughed staff as scheme goes live

BCC Coronavirus Business Impact Tracker: More than 70 per cent of firms surveyed have furloughed staff as scheme goes live

The results from the latest British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker reveal that the vast majority of businesses surveyed have furloughed a proportion of their workforce and are awaiting funds from the Coronavirus Job Retention Scheme as payday approaches for many.  71 per cent of survey respondents have furloughed staff, up from 66 per cent last we...

Read more

Chamber NewsBCC Coronavirus Impact Tracker finds two thirds of respondents still awaiting furlough funds

BCC Coronavirus Impact Tracker finds two thirds of respondents still awaiting furlough funds

The results from the third BCC Coronavirus Business Impact Tracker reveal that the majority of businesses responding to the survey have now furloughed a proportion of their workforce, and are awaiting funds from the Government’s Job Retention Scheme to enable them to pay staff. 66% of survey respondents have furloughed staff in anticipation of scheme going live More than half of firms...

Read more

Chamber NewsBCC Coronavirus Business Impact Tracker shows heavy toll on business and cashflow crisis

BCC Coronavirus Business Impact Tracker shows heavy toll on business and cashflow crisis

Results from the BCC’s first Covid-19 Business Impact Tracker paints a concerning, if unsurprising, picture for business communities affected by Coronavirus.Sharp and significant fall in domestic and overseas revenue for UK businesses The majority of firms (62 per cent) have three months’ cash in reserve or less Almost half of respondents (44 per cent) expect to furlough at least 50% ...

Read more

Chamber NewsBCC welcomes relaxation of insolvency rules

BCC welcomes relaxation of insolvency rules

Commenting on Business Secretary Alok Sharma’s announcement on the relaxation of the insolvency rules, BCC Head of Economics Suren Thiru said: “Businesses will welcome the government’s sensible steps to amend insolvency laws to help protect companies weakened by the impact of coronavirus. “It is right that the rules on wrongful trading are temporarily suspended to ensure that directors ar...

Read more

Chamber NewsBCC responds to Coronavirus business support measures

BCC responds to Coronavirus business support measures

Commenting on the further measures announced by the Chancellor to help businesses hit by the impact of Coronavirus, BCC Director General Dr Adam Marshall said: “The Chancellor has given businesses desperately needed breathing room at this critical moment.    “The deferral of VAT payments keeps money in the pockets of businesses so that they can pay their people and suppliers, and the comm...

Read more

Chamber NewsSomerset Chamber launches Coronavirus information hub

Somerset Chamber launches Coronavirus information hub

Somerset Chamber of Commerce is offering help and support to local businesses which are suffering as a direct result of the Coronavirus (COVID-19) outbreak. The Chamber has a dedicated Coronavirus information hub on its website, signposting businesses to key official guidance from Government for employees, employers and businesses. The page is updated regularly as soon as information becomes ava...

Read more

Chamber NewsBCC responds to Bank of England interest rate cut

BCC responds to Bank of England interest rate cut

Commenting on the decision by the Bank of England’s Monetary Policy Committee to cut interest rates to 0.1%, Suren Thiru, Head of Economics of the British Chambers of Commerce (BCC), said: “The decision to cut interest rates to their lowest ever levels and restart quantitative easing reflects an increasingly dire near-term outlook for the UK economy. “This may give a short-term boost to ma...

Read more

Chamber NewsBCC responds to Coronavirus business support measures

BCC responds to Coronavirus business support measures

Responding to the package of government announcements to help businesses affected by Coronavirus, BCC Director General Dr Adam Marshall said:   “Businesses will welcome the scale of the Government's latest response, as well as the specific support it is offering to some of the worst-affected parts of our economy. These measures could be a lifeline for many businesses across the UK who are now...

Read more

Chamber NewsBCC warns Coronavirus could further weaken UK economy

BCC warns Coronavirus could further weaken UK economy

UK economic growth is expected to slow sharply in 2020 amid disruption caused by the impact of Coronavirus, according to the latest economic forecast by the British Chambers of Commerce (BCC). The leading business group has downgraded its UK GDP growth expectations for 2020 to 0.8%, from its previous forecast of 1.0%. Outside of the 2008/09 financial crisis, this would be the weakest full-year g...

Read more

Chamber NewsThe latest Government advice for business and employers on Coronavirus (Covid-19)

The latest Government advice for business and employers on Coronavirus (Covid-19)

Special Business Readiness Bulletin – Important Coronavirus (COVID-19) Information for businesses and employers from the Department for Business, Energy and Industrial Strategy Business Support announced in the Budget In the Budget the Chancellor announced a package of measures to provide support for public services, individuals and businesses affected by Covid-19. The UK is extremely wel...

Read more

Chamber NewsSomerset Chamber CEO welcomes business-friendly Budget

Somerset Chamber CEO welcomes business-friendly Budget

Somerset Chamber of Commerce's Chief Executive, Stephen Henagulph, has welcomed the Chancellor Rishi Sunak's first Budget, which unveiled a £30 billion package to help the economy through the Coronavirus outbreak, a raft of business-friendly tax cuts and support packages and investment in infrastructure and low-carbon, clean growth technology. Mr Henagulph said: "While as always, the devil will ...

Read more

Chamber NewsBudget 2020 - BCC says much to welcome for business communities across UK

Budget 2020 - BCC says much to welcome for business communities across UK

Giving his initial reaction to the Chancellor’s March Budget, British Chambers' of Commerce Director General, Dr Adam Marshall, said:  “There’s much to welcome in this Budget for business communities across the UK.   “The Chancellor has listened to our calls for support to help firms overcome cash flow challenges posed by Coronavirus.  Increases to infrastructure spending and sharper...

Read more

Chamber NewsBCC responds to interest rate cut

BCC responds to interest rate cut

Responding to the Bank of England’s announcement that interest rates will be cut from 0.75% to 0.25% in the wake of the Coronavirus outbreak, BCC Director General Dr Adam Marshall said: "Businesses will welcome the decisive action taken by the Bank of England to support the economy at this delicate moment. “The Bank and UK financial institutions must now work together to ensure that these pol...

Read more

Chamber NewsBCC welcomes £1 billion deal for 4G Shared Rural Network

BCC welcomes £1 billion deal for 4G Shared Rural Network

The British Chambers of Commerce has welcomed the Government’s announcement today of a £1 billion agreement to take 4G coverage to 95 per cent of the UK landmass by the end of 2025. BCC Director General Dr Adam Marshall said: “This is a major win for our Chamber ‘No More Not Spots' campaign, which has worked across the UK to identify and fix the mobile ‘not spots’ holding back business...

Read more

Chamber NewsBaroness Ruby McGregor-Smith elected as BCC President

Baroness Ruby McGregor-Smith elected as BCC President

Business leader Baroness Ruby McGregor-Smith CBE has been elected President of the British Chambers of Commerce. Baroness McGregor-Smith was elected by representatives of the accredited Chamber Network ahead of the BCC’s Annual Conference in London. She will take up the role, which is unremunerated, with immediate effect, succeeding Francis Martin CBE. As President, Baroness McGregor-Smith wil...

Read more

Somerset Pulse

Somerset Pulse

Hear the latest chamber news in our fortnightly E-Shot

Click here to sign up

Ready to get started?

Become a Chamber Member

Thank you to our Business Partners