British Chamber of Commerce urges Brexit clarity, takes note of static growth

As per Reuters report, “The British Chambers of Commerce (BCC) said on Thursday that consumer-facing businesses had suffered in the face of higher inflation over the past three months and that a better outlook for exporters was too little to compensate.”

Key points

For many businesses growth is static at best, and at worst, beginning to slow

The subdued growth picture underlines the importance of getting as much clarity on the Brexit transition as possible, as quickly as possible over the coming months

BCC believes the “hard rebalancing” of the economy (from consumption to export driven) is easier said than done…

Whether stronger exports can offset a squeeze on consumer demand is the key question for Britain's economy