BCC pours cold water on 'sustained' UK recovery

clock

The British Chamber of Commerce (BCC) says the UK economy continued to grow in the second quarter of this year, but warns the country must not "kid" itself the recovery is secure.

Based on data collected from 5,600 businesses across the UK, the organisation predicts growth for the three months to the end of June of between 0.6% and 0.7%. However, it warns serious concerns over a sustained recovery remain. David Frost, director general of the BCC, says: "With very austere times ahead, no one should kid themselves into thinking that the UK's economic recovery is totally secure." According to the BCC, the service sector presents the biggest concern. The BCC's members reported sluggish growth in retail and services, which account for around three quarters o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read