IlluMyFi

CBI survey finds firms planning to reduce hiring amid weakest expectations for growth since November 2022

British firms are predicting a sharp fall in business activity in the new year, in the latest economic snapshot to warn of an increasingly gloomy outlook for the UK in 2025.

The growth indicator survey from the Confederation of British Industry (CBI) indicates firms are preparing to cut down on hiring and reduce output over the next three months.

Sentiment

-0.24

Bearish/Bullish

22.12.24 10:30

by theguardian.com

UK exporters still struggling with post-Brexit rules, says trade body

British Chambers of Commerce asks for policy ‘reset’ after poll finds companies want greater flexibility

Many exporters are still struggling with post-Brexit trading rules, the British Chambers of Commerce (BCC) has said, as it urges the government to press ahead with an EU “reset” in the new year.

In a survey of more than 1,000 of its member companies, the BCC found just 15% said the trade and cooperation agreement (TCA) with the EU, signed by Boris Johnson on Christmas Eve 2020, had helped them to grow sales with the EU.

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