UK wage growth expected to keep inflation high Catherine Mann, a member of the BoE’s monetary policy committee has stated there are concerns about inflation despite reaching targets of 2%. Wage growth has been high in the last year with wage growth in the public sector being at 6.4% between February and April this year. Wage growth has eased slightly since then but remains around double the amount compared to the ...
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Within the BSCC network there exists exstensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Goodwille, and our Patron member Diplomat Collection. Diplomat Collection A new sister hotel to Hotel Diplomat and Villa Dagmar will be opened on 29 August. Villa Dahlia, the third hotel within the family-owned Diplomat Collection is located by Tegnérlunden park in ...
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Bank of England cuts interest rates The Monetary Policy Committee voted this week to slash interest rates providing a boost to the new Labour government to provide economic growth. The BoE reduced interest rates to 5% from 5.25% which is the lowest it has been since 2020. Andrew Bailey, BoE governor stated that the reason for the cut was due to inflation slowing down but also said that it is important ...
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Bank of England holds interest rates The Bank of England have decided to hold interest rates at 5.25% for the seventh time in what was a tight decision due to recent inflation figures. Data just before the announcement showed that inflation had fell to below 2% which reached the BoE’s target for the first time in three years. However, the issue with this data is that services inflation remained high at ...
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Reform party makes tax cuts promise The Reform party, led by Nigel Farage, is now ahead of the Conservatives in the polls and lead the opposition to Labour who are currently favoured. YouGov poll showed the Reform party had jumped to 19% whilst the Conservatives are at 18% and Labour at 37%. The Reform Party announced this week that it had “radical” plans to significantly push forward the minimum threshold for ...
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Concerns for the US over rising costs in the UK BAB chief executive, Duncan Edwards has stated this week that “there’s concern about a potential rise in the cost of doing business in the UK”. The Conservative and Labour party have been fighting for the upper hand in the last few weeks as the general in July looms. Some US companies are concerned about rising operational costs under a Labour government ...
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Sunak announces new migration policy Rishi Sunak announced that he would bring in an annual cap on migration if he wins in the upcoming election. The cap would be based on work visas or those joining family in the UK, this would be through an annual vote in parliament which would seek to reduce the cap each year. Data shows that net migration last year stayed higher than historical averages, despite ...
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The BSCC is thrilled to announce the establishment of the Young Advisory Committee, a committee composed of Young Patrons' Programme Alumni. The committee aims to bring a young perspective to the BSCC Advisory Board and enhance the YPP by extending the experience and prolonging its networking possibilities. Rebecca Farkhooy, Senior Associate at Eversheds Sutherland, has been elected the very first Chair of the Young Advisory Committee. To learn more about the YPP ...
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The British-Swedish Chamber of Commerce is looking for a new Communications Manager, with an interest in international business, entrepreneurship and British-Swedish relations, to join the Secretariat in Stockholm, after the Summer. We bring British and Swedish companies together by providing excellent opportunities to network in inspiring environments, creating possibilities for each member to learn develop, contribute and build new platforms. Scroll down for more information about the position. About the position We ...
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The Policy Watch is a weekly update which aims to provide concise insights into the current policy landscape. Tailored for our members and individuals interested in international affairs, this update offers a brief yet comprehensive summary of key developments affecting policy decisions and political trends in the UK, Sweden, and the EU.GENERAL ELECTIONS WILL BE HELD ON 4 JULY On Wednesday, Prime Minister Rishi Sunak officially announced general elections to be ...
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