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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:
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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.
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The British Chambers of Commerce (BCC) has warned that removing the UK’s tariff exemption for low value imports could risk pushing up prices, harming small businesses and reducing trade intensity.
