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BCC warns removal of ‘de minimis’ could increase prices

The British Chambers of Commerce (BCC), which represents more than 50,000 businesses across the UK, have warned that the removal of tariff exemptions for low-value imports could push up prices and reduce trade for small businesses. In a statement, the BCC said that the removal of the ‘de minimis’ exemption for imported goods, which is currently...

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Business

UK businesses plan price increases as confidence wanes in anticipation of Budget

A new report by the British Chambers of Commerce (BCC) has underlined some worrying developments in the realm of UK business, where confidence is slipping ahead of the incoming Autumn Budget. In the organisation’s ‘Quarterly Economic Survey’, for which over 4,800 UK businesses were polled, around 63 percent of firms said the Chanceller’s autumn...

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