A Historic Bond: The William Gladstone & April Uprising Exhibition

We are thrilled to share news of an upcoming event that is particularly apt for our chamber members. To mark the 150th anniversary of the April Uprising, the British Embassy has organised a traveling exhibition dedicated to William Gladstone and his pivotal role in Bulgarian history.

A Historic Bond: The William Gladstone & April Uprising Exhibition

Apr 09 2026

We are thrilled to share news of an upcoming event that is particularly apt for our chamber members. To mark the 150th anniversary of the April Uprising, the British Embassy has organised a traveling exhibition dedicated to William Gladstone and his pivotal role in Bulgarian history.

The Exhibition
This showcase explores the profound impact of the April Uprising on British public opinion and 19th-century politics. It highlights a defining moment in history that forged a lasting bond between our two nations.

  • Interactive Experience: The exhibition features photos, videos, and most excitingly, AI-driven interactive conversations with Ambassador Copsey and William Gladstone.
  • We are proud to share that these AI features were created and designed by our very own Chair.



Who was W. Gladstone?
William Gladstone (1809–1898) was a titan of British politics, a talented orator, and a prolific writer. Throughout his career, he was an unreserved defender of the Bulgarian cause. No other British or global statesman is so deeply and permanently connected to the Bulgarian struggle for freedom and statehood.

Tour Dates & Locations
The exhibition officially opens in Sofia on April 15 and will run until May 2. Following the Sofia residency, the exhibition will tour:

  • Koprivshtitsa
  • Veliko Tarnovo
  • Ruse
  • Varna

Visitor Information

  • Venue: Vivacom Art Hall
  • Entry: Free
  • Hours: 11:00 AM – 8:00 PM (Monday to Friday)

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BCC: Business Confidence Fragile Going into Global Turmoil

Apr 09 2026

Confidence among firms remained fragile at the start of 2026, despite some small shoots of recovery, according to the UK’s largest business sentiment survey. The British Chambers of Commerce (BCC) Quarterly Economic Survey also shows labour costs continued to be the biggest concern for businesses, followed by energy.

Going into the Iran conflict, around half (49%) of responding firms said they expected their turnover to improve in the next 12 months. Meanwhile even before recent energy price shocks, 52% of businesses cited utilities as a cost pressure.

Ahead of new employment costs and legislation coming into force for businesses this month, the survey shows 73% of firms cited labour costs as a price pressure.

The survey was carried out by the BCC Insights Unit and the UK-wide Chamber network, largely before the full impact of the Middle East conflict started to be felt. The fieldwork was conducted between 9 February and 9 March. Over 4,500 businesses across the UK (91% of whom are SMEs) responded online.

In over 600 ‘free text comments’ to the BCC, businesses raised concern over the likely impact of the Iran conflict on energy costs and inflation. They also highlighted domestic cost pressures including minimum wage and employment rights legislation.

Confidence remained fragile before Iran conflict 

Business confidence remained fragile at the start of the year, as firms digested the Autumn budget. 49% of responding firms said they expected their turnover to improve in the next 12 months (compared with 46% in Q4 2025). Meanwhile, 31% said they expected no change, and 20% expected a decrease.  

Retail and hospitality continue to be the sectors suffering the most. 39% of hospitality firms expected increased turnover, while over a quarter (27%) expected a decrease. 41% of retailers expected improved turnover, while 29% expected a decrease.  

Labour and energy costs continue to hit firms 

Labour costs continue to be far and away the biggest cost pressure for businesses, cited by 73% of responding firms (the same level as Q4). In the hospitality sector 85% of businesses cite labour as cost pressure. While in transport and logistics the figure is 84%, and manufacturing 78%.  

Meanwhile, even before the Iran conflict hit global energy prices, over half (52%) of businesses said utilities were a cost pressure (the same as Q4). The pressure is highest in the hospitality sector (75%) and manufacturing (60%).  

Tax remains the biggest concern  

Despite concern easing tax remains the biggest worry for business, cited by 54% of firms (down from 63% in Q4). Half of firms (50%) remain concerned about inflation.  

Levels of concern about business rates rose in the first few months of the year, ahead of revaluation. 41% of responding firms cited business rates as a concern, (the highest level since 2017) up from 34% in Q4.  

Investment levels remain in negative territory 

With businesses facing a raft of persistent cost pressures, investment levels in plant, machinery and equipment, are stuck in negative territory for the sixth quarter in a row. A quarter (24%) of businesses say they have cut back on investment plans, while 56% say they have remained unchanged, and just 21% of firms increased their plans. 

The issue is more marked in certain sectors. A third of hospitality firms (33%) and retail businesses (32%) reported they’d scaled back investment plans.  

Sales indicators improved slightly post-Budget 

The percentage of responding businesses reporting increased domestic sales rose slightly to 32% (29% in Q4). 42% reported no change, and just over a quarter (26%) said they had seen a decrease in sales. Sectoral breakdowns show increased sales were at their lowest among transport (25%) and manufacturers (26%). 

Price rise expectations remained elevated  

Even before the likely inflationary impact of the Iran conflict, 49% of responding firms said they were likely to raise prices over the coming quarter (down from 52% in Q1). 47% said their prices were likely to remain the same, and only 3% were expecting to cut prices. 

What businesses say: 

Middle East conflict 

“The instability in the Middle East is a cause for concern, the potential ripple effects from this are our reasons for being concerned about where interest rates, exchange rates, and inflation could go over the coming months.” 

Medium sized manufacturing firm in Northern Ireland 

“Ongoing impact from food costs remains a challenge, with continued balancing of additional costs for workforce and now planning for impact of future costs from current war in Iran – fuel costs increasing, impacting delivery costs, utilities and general costs” 

Medium sized hospitality firm in Greater Birmingham 

“If the Middle East conflict is over quickly and doesn’t spread to other parts of the region, I would expect things to pick up, otherwise it is likely to affect energy prices which will have a knock-on effect on market demand.” 

Micro-public sector firm in the West of England 

General business environment 

“Labour costs are constantly increasing, SSP as well as NMW increases continue to push up our costs well above inflation.” 

Large professional services firm in the Black Country 

“The uncertainty of the business rates increase is the biggest concern and impacting our decision to move to larger offices to support more staff.” 

Micro professional services firm in Surrey 

“UK Government policy on taxation and other business-related costs is causing considerable stress and uncertainty for business owners, especially SMEs. A policy shift will be required to stimulate survival let alone growth.” 

Small professional services firm in Scotland 

David Bharier, Head of Research at the British Chambers of Commerce said: 

“Even before the latest escalation in the Middle East, business sentiment remained fragile and stuck in a low-growth phase.  

“Most SMEs continue to report no improvement in key indicators such as investment and cash flow. Sentiment remains largely unchanged since the 2024 Budget, which saw a permanent increase in the labour cost base for firms. 

“Businesses face a fresh wave of employer costs and burdens from this month, causing further pressure and uncertainty.  

“But the Iran conflict is now the major factor that could detail fragile progress. We are already seeing early impacts, with firms reporting rising energy and shipping costs, echoing the initial stages of previous global shocks.

“De-escalation is the only way to prevent a deeper economic crisis. As energy costs rise the government should keep all options on the table to help businesses. Bringing forward and extending the scope of the BICS (British Industrial Competitiveness Scheme) would be a strong step, alongside reconsidering how renewables levies on business energy bills are paid.

“In the longer term, breaking out of this low-momentum cycle will require delivering the industrial strategy, boosting and diversifying our exports, and the broader adoption of AI to drive productivity.” 

Read a full infosheet on the Q1 findings here

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Reflections on the WTO Talks

Apr 02 2026

The timing of the British Chambers of Commerce Why Trade Matters report and the Driving International Trade Conference could not have been timelier, because MC14 has just shown, in real time, exactly what is at stake. Trade is not some abstract, technocratic concept, it is jobs, wages, supply chains, investment and growth in every part of the UK, and yet, at the very moment we are making that case, the global system designed to underpin it has failed to deliver. This was not a near miss, MC14 ran out of time, ran out of consensus and the lack of meaningful agreement is not just disappointing, it has really raised serious questions about whether WTO members can still take meaningful collective decisions on global trade.

Yes, there has been movement on the e-commerce agreement, and this does matter but the fact that 66 countries, representing the vast majority of global trade, are pressing ahead outside of full WTO consensus is not a success story, it is a warning. I would say it raises a far more uncomfortable question around what is the WTO now for? If it cannot negotiate modern trade rules, and reform itself remains gridlocked, then it risks being reduced to a technical forum with a weakened dispute function, rather than the engine of global trade governance. Rumblings from the conference suggest progress is happening despite the WTO, not because of it and that should concern everyone who still believes in a functioning multilateral system.

In that vacuum, some of the world’s most powerful economies may increasingly choose to bypass the system altogether… simply walk away, that could not have been imagined even a decade ago! Once that starts to happen at scale, it is not drift, it is erosion. This is geopolitical instability on a different scale.

We can see the cliff edge. It is not here yet, but it is getting closer and crucially, it may be accelerated if this ‘crisis’ is not actually acted upon. This is the moment to be honest, what happened in Yaoundé is not terminal… yet and while Ngozi Okonjo-Iweala concluded, “We decided to work differently” and bring members back together for the General Council in May, this route does introduce a path forward, but it’s clear the answer is reform, real, time-bound, politically difficult reform, because a world without a functioning WTO will not be more flexible or more efficient, it will be more unstable, more fragmented and far harder for SMEs who depend on rules, not power, to compete.

Our message from MC14, this is a watershed moment, use it, because if governments do not act now, they may find the system has already started moving on without them. While only 4 days of negotiations may have been too ambitious, for business and especially SMEs this could have enormous ramifications, without a functioning, rules-based system, they don’t just lose certainty, they lose access, they lose competitiveness, and ultimately they lose the ability to grow.

Steven Lynch MBE is Director of International Trade at the British Chambers of Commerce

Source: British Chambers of Commerce

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BCC: New Procurement Rules Offer SMEs Fresh Hope 

Mar 27 2026

Responding to the Cabinet Office announcement of more targeted procurement opportunities for smaller businesses, Jonny Haseldine, Head of Business Environment policy at the BCC, said: 

“Making every government department responsible for hitting their spending targets for £7.4bn of SME procurement, could be the breakthrough moment these firms have been waiting for. 

“In 2024, the BCC and Tussell’s SME Procurement Tracker found only a fifth (20%) of direct procurement spend from the wider public sector, including central government, went to SMEs. 

“This shake up is long overdue as public procurement spend with SMEs has been stuck in a rut. Although the value of contracts with SMEs has continued to rise their slice of the pie is still far too small. For too many businesses, government contracts remain out of reach.   

“This new scheme has the potential to be a game changer, giving smaller firms across the UK greater access to procurement opportunities and supply chains.  

“As has been demonstrated by Chamber-led supply chains at major infrastructure projects such as Sizewell C and Hinkley Point, SMEs are a vital part of the ecosystem. They provide local skills and knowledge to projects as well as significantly boosting regional economic growth.” 

Source: British Chambers of Commerce

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BCC: Tariff Clouds Weigh on Exports as 2026 Begins 

Mar 18 2026

Commenting on the first trade data release of 2026 by the Office for National Statistics, William Bain, Head of Trade Policy at the British Chambers of Commerce said: 

“Goods exports trade with the EU and the rest of the world, excluding the United States of America, showed solid growth in the first month of the new year.  

“Services exports displayed lower growth than in past months influenced by global competition levels and geopolitical uncertainty. Across the past three months until the end of January, total exports across the economy grew by 1.8% in value terms, equally balanced between goods and services trade growth. 

“The effects of tariff weariness clearly show through this data with the hold off in sales with the US. Geopolitical and supply chain uncertainty from the Middle East could weigh heavily on global trade data from Q2 onwards. 

“In a deeply uncertain global trade environment, boosting trade growth depends upon getting the most value from the UK’s trade agreements. It’s also crucial that ministers work to lower tariffs and trade barriers where we can with likeminded partners.  

“BCC initiatives, such as our joint FCDO Diplomatic Advisory Hub, and our new trade accelerator pilot with Singapore, are helping to create further assistance for ambitious UK exporters.  

“We also need the right decisions on the global rules-based system made at the WTO Ministerial Conference in Cameroon at the end of March. Ensuring digital transmission of services remains tariff free for the maximum period possible, strong action on the e-commerce agreement, and WTO reforms that unlock the door to sustained trade growth is the agenda we need adopted by Ministers in Yaoundé this month.” 

Analysis of the latest ONS trade data release covering the month of January 2026: 

UK goods exports increased by 6.8% in January 2026 in chained volume terms (removing inflationary effects). 

UK goods exports to the EU rose by 7.1% in volume terms (led by office machinery and fuels) and to the rest of the world by 6.5% in volume terms (led by chemicals, chemicals, pharmaceuticals, and power generators). This also included a double-digit drop in goods export values to the US of 11.3% in January 2026 led by declines in machinery and transport goods, particularly in cars. 

UK services exports increased by 0.2% in January 2026 in volume terms (ex-inflation). 

UK goods imports fell by 1.1% in volume terms in January, led by a 3.6% drop in non-EU imports (led by material manufactured products), notwithstanding a 1.4% rise in goods imports sourced from the EU (led by machinery and transport equipment imports including aircraft and cars from Germany). Imports of goods from the US increased by 12.4% in value terms in January, led by aircraft imports. 

UK services imports rose by 0.4% in January 2026 in volume terms (ex-inflation). 

Source: British Chambers of Commerce

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BCC Economic Forecast: Global Turmoil to Hit Growth and Push Up Inflation 

Mar 13 2026

The latest British Chambers of Commerce (BCC) economic forecast suggests slow growth in 2026, higher inflation due to the Middle East crisis, and rising unemployment as the labour market softens.  

The BCC forecast is the first economic assessment by a business organisation since last week’s Spring Statement and renewed conflict in the Middle East. 

While the current geopolitical situation remains highly uncertain, and could change the economic outlook considerably, the key points in the forecast are:  

  • GDP in 2026 revised down to 1.0% (from 1.2% in the previous forecast), with growth forecast of 1.3% in 2027, and 1.1% in 2028. 
  • Global uncertainty is expected to push UK inflation higher than expected, reaching 2.7%, before easing to 1.9% in 2027. 
  • Unemployment is expected to increase to 5.5% in 2026 (up from 5.1% in the previous forecast), and stay at that rate through 2027, due to persistent high labour costs and hiring uncertainty. 
  • The interest rate is expected to remain at 3.75% this year, before cuts to 3.25% by the end of 2027. 
  • Exports are projected to grow by just 0.7% in 2026 (down from 1.8% in the last forecast), as global uncertainty hits UK trade.  

UK economic outlook       

UK GDP is expected to grow by only 1.0% in 2026, reflecting a landscape of weak productivity, business investment, consumer spending, and ongoing global uncertainty. It is then forecast to pick up to 1.3% in 2027 and then 1.1% in 2028. 

The services sector continues to drive the UK’s limited GDP growth. However, even the pace of services growth is forecast to ease, to 1.2%. Construction and manufacturing are forecast to contract this year, by –1.3% and –0.3% respectively.   

Business investment is expected to flatline this year (0%), a revision downwards from the previous forecast (0.9%). It is expected to pick up again, to 1.3% in 2027. The rapid adoption of AI that the BCC has seen from its own evidence could support productivity gains, but this is likely to begin beyond 2028. 

While public finances have recently performed slightly better than expected, limited fiscal headroom means there remains a risk of further consolidation later in the forecast period. 

Iran conflict could drive up inflation 

Higher oil and gas prices linked to the current conflict in the Middle East are expected to push CPI inflation up to 2.7% by the end of 2026 (compared to 2.1% in the previous forecast). Energy prices are assumed to rise in the near term before easing later in the forecast period. Inflation is then forecast to ease back towards the Bank of England’s target in 2027, slowing to 1.9% by Q4 2027, as energy prices fall and wage growth moderates.  

In the short term, wage growth is expected to remain elevated through 2026, staying just below 4%, before easing towards a more sustainable rate below 3% during 2027. 

The near-term inflation path suggests the Bank of England may hold off further rate cuts, with the base rate forecast to remain at 3.75% in 2026. The forecast suggests the rate will fall to 3.25% in 2027.  

Unemployment to rise further in 2026 

The BCC expects the unemployment rate to rise to 5.5% in 2026 (up from the previous projection of 5.1%) with high labour costs dampening the hiring appetite of business. Unemployment is expected to remain elevated at 5.5% next year, before easing to 5.3% in 2028.  

Youth unemployment remains an area of concern as labour costs and AI erode entry level jobs. It is expected to be 17% in 2026, peaking at 17.1% in 2027 before falling to 16.7% in 2028.     

Trade outlook remains subdued  

Export growth is forecast to slow to 0.7% this year (a downgrade from 1.8% in the last forecast). The downgrade reflects the impact of deepening global uncertainty, notably from the crisis in the Middle East and US tariff uncertainty.  

The forecast for imports in 2026 has also been downgraded to 0.6% (from 1.4% in the previous forecast), reflecting weaker consumer demand and the depreciation in sterling. While exports are also expected to slow, the reduction in import growth means the overall contribution of net trade to GDP is expected to remain broadly stable, at around –2.4% in 2026 and at a similar level through the forecast period. 

David Bharier, Head of Research at the British Chambers of Commerce said: 

“The UK economy remains stuck in a low-growth pattern. Our forecast of just 1% growth in 2026 reflects weak productivity, subdued investment and cautious consumer spending. 

“The recent escalation of conflict in Iran risks interrupting progress made on inflation. Higher energy prices linked to it could keep inflation firmly above the 2% target and lead the Bank of England to hold the interest rate longer than expected.  

“Much depends on the duration of the conflict. Covid supply shutdowns showed how sudden stops put long term damage into the trading system. 

“At the same time, elevated labour costs, stemming from national insurance increases and new employment regulations could weigh on hiring decisions. That has the potential to push the unemployment rate higher, making it especially difficult for younger people to enter the jobs market. 

“Looking further ahead, our research shows that firms are increasingly adopting AI tools. While the immediate impact on employment is likely to remain limited, deeper integration could reshape the labour market more fundamentally. At the same time, it could offer an important opportunity to lift the UK’s persistently weak productivity growth over the longer term.” 

Commenting on the forecast, Vicky Pryce, Chair of the BCC Economic Advisory Council, said:     

“Businesses expected to be steering through choppy waters again this year, but global events have just made that voyage even more turbulent.  

“As a result, any forecasts prepared in the current unsettled environment have an extra degree of uncertainty attached to them with many factors outside the control of UK policy makers. Things could of course bounce back quickly if a fast resolution is found. However, it will take time for some of the supply constraints to ease through the system, as we discovered in previous crises, such as after the invasion of Ukraine and following the unwinding of the early Covid restrictions.  

“But even before the latest turmoil in the energy markets, growth seemed in any case to be stuck in a rut, with the economy facing subdued business investment, trade headwinds and productivity challenges.  

“Inflation looked to be heading towards the Bank’s target, but the BCC’s forecast suggests it will creep back up in the coming months and accelerate further while the current conflict continues.  That will kick any likelihood of interest rate cuts in the foreseeable into touch.  

“Rising unemployment, particularly among young people, will be a worrying drumbeat throughout this year, and likely to get worse given the likely slowdown in world growth from the effects of the conflict in the Middle East and the Gulf.  That will have a widespread economic impact, hitting consumer and household spending and potentially also the housing market.” 

For the full data, read the BCC infosheet.

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New HR & Employer Branding Trends Report 2026

Mar 10 2026

The latest report outlining the 2026 trends in Human Resources and Employer Branding has been officially released. Developed by the organizers of Career Show — the largest career expo in Bulgaria — this analysis maps out the strategic trajectory of the sector.

The report synthesizes visionary forecasts from over 50 leading HR and employer branding experts. Its primary objective is to provide the professional community with the ten most prominent trends, serving as a foundation for enhanced process planning and team development strategies.

The analysis reveals a fundamental shift in employer priorities, centered on three core pillars:

Humanization through Authenticity: A dominant trend is the transition from a “perfect” corporate image toward an authentic employer brand. The focus has shifted to real employee stories — the most influential ambassadors for any brand.

Ethical and Intelligent AI: In 2026, AI is no longer viewed merely as an automation tool. The emphasis is on smarter, ethical implementation where human judgment remains the primary factor in strategic decision-making.

Holistic Care: Employee well-being remains at the heart of successful corporate strategies. Employers are increasingly prioritizing “growth from within” through upskilling, internal mobility, and continuous skill enhancement.

The HR & Employer Branding Trends Report 2026 is designed as a high-value, free resource to assist experts in optimizing workflows and refining team development strategies.

The full report is available to download for free here: careershow.bg/hr-eb-trends-report-2026

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BCC: Feared EU Procurement Rules Won’t Impact UK Firms 

Mar 06 2026

Reacting to today’s unveiling of the EU’s Industrial Accelerator Act which supports its Made in Europe agenda, William Bain, Head of Trade Policy at the BCC, said: 

“Businesses were apprehensive about the EU’s Industrial Accelerator Act, as there were significant fears it would force the UK out of European supply chains through tough rules on investment and procurement.  

“But legislators have listened to these concerns as the Act adopted by the European Commission gives UK parts and components an exemption from these aspects of the regulations. 

“There is a clear route for our products to be included in the definition of ‘EU goods’ for both procurement and foreign direct investment purposes. This exempts them from the new controls which will apply to countries trading with the EU that do not have a free trade agreement. 

“The Act is still a radical redrawing of the EU’s industrial policy on low carbon technologies and its resilience agenda to address vulnerabilities in supply chains. 

“But the rules could have had considerably more impact upon cross-border trade and investment in automotives and climate change technologies.  

“However, there is still other legislation connected to the Made in Europe agenda, including on automotives, and EU assembly requirements, which presents risk to UK industry. A solution must be found here too. 

“To prevent these continual battles the focus should now be on securing a formal economic security agreement between the UK and EU at the next Leaders’ Summit.” 

Full details of the Industrial Accelerator Act can be found here

Source: British Chambers of Commerce

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BCC: Energy Costs Continue to Spark Business Concern 

Feb 27 2026

Over a quarter of businesses (27%) say they are currently finding it difficult to pay their energy bills, according to new research from the British Chambers of Commerce (BCC).  

The BCC survey of over 600 firms shows energy costs are particularly challenging for manufacturers, with 35% saying they’re struggling to pay bills, and 34% of B2C services businesses reporting difficulties. 

The fresh data comes as the BCC publishes a new report into business energy costs, just days after the regulator Ofgem announced household bills will fall from April. The report, ‘Powering Growth: Resetting Energy Costs for Businesses’, makes a series of recommendations to government, including calls to: 

  • Fund at least part of the Renewables Obligation on business energy bills, immediately cutting energy costs for firms.  
  • Implement a permanent energy advice scheme for businesses to drive energy efficiency.  
  • Introduce a Targeted Electrification Discount to support businesses with the cost of switching to low carbon alternatives.  
  • Urgently expand the UK’s energy storage capability and deliver on grid connection reforms.  

The BCC Insights Unit gathered data from 672 firms, most of them SMEs, between early January and early February. While the percentage of businesses struggling to pay their bills has eased (37% in 2024, and 52% in 2022 – the height of the energy price crisis), a worrying proportion of firms – 27% – are still experiencing difficulties. Two-thirds (66%) say it will be easy to pay bills, while 6% are unsure). 

The BCC’s energy report highlights how UK businesses are facing some of the highest energy costs in the world. This pressure is directly feeding into price rises – 52% of businesses report utility costs as a price pressure, according to separate BCC data for Q4 2025. This comes as at a time when firms are facing wider pressures elsewhere, including national insurance and business rates.  

The BCC is calling for immediate “meaningful support for businesses to manage energy costs” to strengthen growth and competitiveness. The report also concludes that the uptake of low-carbon technology solutions by businesses is being held back by high upfront costs. The BCC is calling on ministers to introduce stronger targeted financial support for businesses looking to switch to low carbon. 

Ben Martin, Policy Manager at the British Chambers of Commerce said: 

“High energy costs are not simply an additional expense for businesses, they hit growth and competitiveness.  Ministers need to be doing more to cut costs for tens of thousands of firms across the UK.  

“With over half of businesses under pressure to raise prices because of their utility costs, our research shows energy costs are still sparking real concern. That’s almost four years since the peak of the energy crisis.  

“All this comes as firms are already battling high costs elsewhere, from national insurance to business rates.  

“Ministers have rightly identified the impact energy is having on the cost of living. That needs to match by an understanding of the impact on the cost of doing business.  

“Government could quickly provide support for business by funding part of the Renewables Obligation on energy bills, similar to what they did in the Autumn Budget 2025. This, alongside providing the right support for firms with their energy consumption, could provide some much-needed relief for businesses. 

“Firms want to play their part in the UK’s energy transition, but they can’t do that when they are crippled by sky-high businesses costs, including energy. 

“Urgent action is needed to help businesses keep the lights on, now and in the future.” 

Read the full report here

Source: British Chambers of Commerce

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BCC: Defence Sector Key to Better EU Trade Ties 

Feb 20 2026

Responding to the Prime Minister’s speech at the Munich Security Conference, William Bain, Head of Trade Policy at the BCC, said: 

“A reshaped European defence and geopolitical environment can offer opportunities for UK businesses as they push for stronger exports and economic growth.  

“So, they will welcome the importance placed on this by the Prime Minister and European leaders at the Munich Security Conference this weekend.  

“On defence, this the moment to negotiate as large a role as possible for UK defence companies and supply chain SMEs in the EU’s SAFE facility. Bilateral defence procurement relationships with key partners like the Netherlands, Germany, France and Poland, under our common NATO commitments, can also generate economic growth and a more secure Europe.  

“UK defence firms increasingly look across the Channel and North Sea to Europe as our largest export market for defence hardware, systems and know-how. Future orders and growth depend upon boosting the strength of those links now.  

“We also need to remove, barriers to trade in a wide range of other sectors with the EU, including automotives, energy, food and drink, and business services. The BCC has made nine recommendations for UK and EU leaders to prioritise, with a focus on economic security, supply chains, business mobility and rules of origin. 

“The UK plays a critical role in pan-European supply chains in vital sectors from automotives to climate technologies. This reality must be reflected in the regulatory and investment conditions our businesses face now and in the coming years. 

“The future for jobs and investment across many areas of both the UK and EU economies depends upon it.” 

Source: British Chambers of Commerce

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