Chamber news: Inflation at Target Raises Rate Cut Hopes

Jun 19, 2024

Responding to the latest inflation data published by ONS, David Bharier, Head of Research at the British Chambers of Commerce, said:  

“Today’s data showing CPI easing to the Bank of England’s 2% target, is a further sign that the UK is exiting the inflation crisis which began in late 2020. It provides additional weight for an interest rate cut in the coming months, something which will be welcomed by firms of all shapes and sizes.  

“Our research has shown that a steadily declining number of businesses are concerned about inflation, from a record peak of 84% in mid 2022. This is positive news, but prices are not falling, just rising more slowly, and the economic outlook remains challenging. Our latest forecast expects inflation to nudge back up again to 2.3% by the end of the year. 

“To restore economic growth and stability, policymakers should focus on the long-term. Our election manifesto outlines a 5-point plan for immediate action by the new government. We need a green industrial strategy, better skills planning, business rate reform, improved relations with the EU, and support for SMEs to embrace AI. 

“Our manifesto has been welcomed by all the main parties and gives a clear blueprint for action after July 4th.” 

Council shares more detailed plans for Huddersfield Market

17 July 2024   Kirklees Council have shared brand new visuals, and more detail, on the planned improvements to Huddersfield Market. Once completed, Huddersfield Market will provide an improved traditional market, a better food and beverage offering to complement the...

read more
Patrons news: BUSINESS OF THE YEAR AWARDS 2024

Patrons news: BUSINESS OF THE YEAR AWARDS 2024

On Friday 28th June 2024, over 150 gathered for Eaton Smith’s Business of the Year Awards 2024 at the John Smith’s Stadium. The 12 monthly winners from the 2023/24 series of the Business of the Month Awards were all in contention for the Award which celebrates the...

read more

Our Patrons