Business uncertainty mounts as August GDP falls

Oct 12, 2022

Reacting to the latest ONS figures on GDP for August 2022, David Bharier, Head of Research at the BCC, said:  

“The 0.3% fall in monthly GDP for August 2022 is a warning sign that the economy was already stalling before the market turmoil of recent weeks. 

“Our research indicates that business confidence is falling at an alarming rate. Volatility in the currency and bond markets following recent Government announcements will have only exacerbated this.   

“The six months energy support package will have provided some breathing room for businesses facing eye-watering energy costs.  

“To build business confidence, Government must rapidly provide more detail on its fiscal policies and supply side reforms, particularly at a time when businesses face the twin crises of rising interest rates and high inflation.”  

Chamber news: BCC Welcomes MAC Recommendations 

Chamber news: BCC Welcomes MAC Recommendations 

The Mid Yorkshire Chamber of Commerce is one of 54 chambers accredited by the British Chambers across the UK. Through this network, our team helps to facilitate local, national and international connections, support and representation for organisations of all sizes...

read more
Saudi Arabia & Philippines join ATA Carnet scheme

Saudi Arabia & Philippines join ATA Carnet scheme

Here is the latest update regarding Saudi Arabia and the Philippines joining the ATA Carnet Scheme. Saudi Arabia: ATA Carnets will be accepted by the Saudi Customs for the following categories of goods: goods for display or use at exhibitions, fairs, meetings. The...

read more

Our Patrons