GREEN APPOINTMENT AS TRADE MINISTER IS A BOOST FOR BRITISH BUSINESS

  The Government has today announced the appointment of Stephen Green as the new Minister for Trade and Investment. Speaking from Hong Kong, where he is currently promoting the interests of British business, David Frost, Director General of the British Chambers of Commerce (BCC), said: “We very much welcome the appointment of Stephen Green as Minister for Trade and Investment. He brings a wealth of experience to a key role for this Government.  “International trade has a vital role to play in the re-balancing of the UK economy, and we are therefore pleased to have a figure of Stephen Green’s stature to promote British interests overseas. The UK Chamber of Commerce Network looks forward to working with him.  

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MANUFACTURING RECOVERY MUST BE SUPPORTED

Commenting on the manufacturing output figures for July, released today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:

“These figures are better than expected and show that the manufacturing recovery is on the right track. The new data reinforces the view that GDP as a whole will record positive growth in the third quarter, albeit at a slower pace than the unusual growth seen in the second quarter. 

“Although the manufacturing sector’s performance this year is pleasing, there is no room for complacency. The recovery is not yet secure, particularly as there are worrying signs of a slowdown in the global economy. While UK manufacturers are currently enjoying the benefits of a competitive exchange rate, capitalising on these benefits may be much harder in the months ahead.   

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NATIONAL INSURANCE HOLIDAY BEGINS FOR START-UPS

A year-long national insurance holiday for start-up businesses is set to begin this week, however there are concerns that many of the most deprived areas will be excluded from the programme.

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