UK govt must listen to business society on Brexit: BCC
Wednesday, 8 Mar 2017 | 1:16 AM ET | 02:32
A similar message came from smaller companies, whose morale rose to its highest since late 2015, according to a survey also released on Thursday by the Federation of Small Businesses.
"We cannot rely in the long term on the boost that exporters have received from a weak pound," FSB chairman Mike Cherry said.
The FSB said a quarter of small businesses would be deterred from exporting to the EU if they faced any tariffs after Britain leaves the bloc in 2019.
A separate survey by market research company Nielsen, conducted after Prime Minister Theresa May formally started the clock on Brexit talks on March 29, showed consumer confidence was stable.
But worries were growing about rising prices - especially among people who had voted to leave the EU.
"Although immigration concerns have dropped, Leavers are starting to worry more about everyday matters, particularly rising utility bills and food prices," said Steve Smith, Nielsen`s managing director for the United Kingdom and Ireland.
Many voters who backed Leave come from poorer households which are likely to face the biggest pinch from rising prices for food and fuel.
The BCC said raw material costs were having the biggest influence on prices since late 2011, and called inflation "a key risk to the UK`s growth prospects".
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