International trading has always been risky. But UK traders exporting to the EU have faced major hurdles over the last two years due to Brexit-related changes and uncertainties.
International trading has always been risky. But UK traders exporting to the EU have faced major hurdles over the last two years due to Brexit-related changes and uncertainties.
A new survey by the British Chambers of Commerce (BCC) reveals firms are facing the highest level of recruitment difficulties on record. Attempted recruitment in Q4 remained virtually unchanged from the previous quarter, with 61% of firms looking to find staff (62% in Q3 2022). Overall, over eight in ten firms (82%) attempting to recruit reported recruitment difficulties, up from 76% in Q3.
The Bank's decision to raise interest rates for a 10th consecutive time continues its hard-line approach to inflation, but this is not without serious side-effects.
The Chancellor missed out two Es when he detailed his focus on ‘enterprise, education, employment and everywhere’. Without addressing the issues of energy and exports, the UK's economic growth will continue to be stunted.
The International Chamber of Commerce United Kingdom (ICC United Kingdom) is delighted to announce the appointment of Shevaun Haviland to the organisation’s board.
Most Small and Medium Sized Enterprise (SME) exporters report no improvement to exports, with 27% reporting decreased export sales in the quarter and 47% reporting no change. The picture for future orders is even weaker with 28% reporting a decrease against 24% an increase.
A second consecutive easing in the rate of inflation to 10.5%, while minimal, suggests the peak has now passed. But this simply means that prices will stabilise at a much higher level than one year ago.
“Today’s figures will come as no surprise to businesses up and down the country who are desperately trying to fill record numbers of vacant roles."
“The review published by Chris Skidmore MP is a significant document and provides us with a substantive overview of the progress to date on meeting the UK’s Net Zero ambition. “Importantly, it includes recommendations on what must be done. Many of these measures are pragmatic and realistic, which will be welcomed by businesses."
UK trade performance improved in November led by a 6.1% increase in goods imports (adjusted for inflation). Goods exports also picked up, rising by 1.7%, but concerns about the impact of the Brexit deal continue due to a 1.2% fall in goods exports to the EU.
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