Chamber News: Economic Growth Remains Fragile

Jan 12, 2024

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 and from all sectors, right here in the mid Yorkshire region. 

Responding to the latest GDP data from the ONS, Alex Veitch, Director of Policy and Insight at the British Chambers of Commerce, said: 

Today’s ONS data, showing GDP grew 0.3% in November, but fell 0.2% in the three months to then, indicates how fragile UK economic growth is right now.  

“It’s likely the economy will be stuck in the slow lane for the foreseeable future. Our latest Quarterly Economic Forecast expects growth below 1.0% for the next two years.  

“The Chancellor’s decision to make full expensing permanent was welcome, but more needs to be done to help businesses invest and drive economic growth. Despite the headline rate of inflation easing, firms are continuing to battle with high interest rates, recruitment difficulties, and tough international trading conditions.  

“Businesses are crying out for a long-term economic plan that prioritises growth. In the upcoming budget, and the election campaign to come, that must be the priority for all politicians.” 

MY Chamber is the go-to organisation for business across Calderdale, Kirklees and Wakefield, if you would like to discuss what this latest release means for your organisation on a local level, please contact our team.

2024-10-23 09:00:00MY Conference Wakefield 2024

Join the Chamber and our event partners; Five Talents, Social Progress, Faith Brand Communications, Beanie Media, Templars Photography, Paul Dela Ross and Wakefield Trinity for MY Conference Wakefield 2024! MY Conference Wakefield is a highlight of the local business...

read more

2024-08-01 09:00:00MY Conference Calderdale

MY Conference Calderdale returns in 2024 on Yorkshire Day with a new look and a new venue.  Bringing together an exhibition of over 40 local businesses alongside practical workshop sessions the evnt is not to be missed.  More details will be released soon. Book a...

read more

2024-04-19 09:00:00SAM Networking Business Expo

SAM Networking Business Expo Join us for an exciting in-person event, the SAM Networking Business Expo! Get ready to connect, collaborate, and grow your business with Exhibitors and Delegates alike. This is your chance to meet over 450 ish like-minded professionals,...

read more

Our Patrons