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BCC Press Release: Weak Start To 2024 For UK Exports

Responding to the latest Office for National Statistics data on UK trade for January, William Bain, Head of Trade Policy at the British Chambers of Commerce, of which Business West is a key player, said: “There was a slow start to the year in export volumes for both goods and services, with a modest rise in volumes of goods imports. But the UK is not alone in experiencing this, with US and major European markets experiencing similar trends.

BCC Press Release: Pressure Of Interest Rates On Business Revealed

BCC, of which Business West are a key player, survey of more than 1,000 UK businesses finds one third (33%) are negatively impacted by the current Bank of England interest rate. Small and mid-sized firms (39%), manufacturers (36%) and business to consumer firms (37%) are more likely to report a negative impact. Just one in 10 firms (9%) say they are positively impacted by the current interest rate – relating to higher earnings on surplus funds.