BCC downgrades UK growth as firms face rising costs & trade challenges
The British Chambers of Commerce (BCC) has revised down the UK’s 2025 growth forecast to 0.9 per cent from 1.3 per cent, citing rising business costs and global uncertainties. Inflation and interest rates are expected to remain high, while exports are forecast to contract. BCC warns that increased National Insurance and wage costs may stall investment and impact workforce decisions.
The British Chambers of Commerce (BCC) has revised down the UK’s 2025 growth forecast to 0.9 per cent from 1.3 per cent, citing rising business costs and global uncertainties.
Inflation and interest rates are expected to remain high, while exports are forecast to contract.
BCC warns that increased National Insurance and wage costs may stall investment and impact workforce decisions.
