Firms need help to weather ‘perfect storm’ – BCC leader

The video discusses the current economic challenges, including high inflation and declining retail sales. It emphasizes resilience and entrepreneurship as key to overcoming these challenges. The government has introduced measures such as tax cuts on employment and business rate discounts to support businesses. Additionally, growth programs like Mini MBAs and digital software are available to help businesses advance.

What is one of the main economic challenges mentioned that is affecting recovery?

• Decreasing inflation

• High inflation

• Increasing retail sales

• Stable interest rates

What spirit is suggested to help overcome the current economic challenges?

• Caution and conservatism

• Resilience and entrepreneurship

• Optimism and hope

• Innovation and creativity

What is the amount of the tax cut on employment costs introduced in the spring statement?

• £2000

• £500

• £1000

• £1500

Which sectors benefit from the 50% discount on business rates?

• Retail, hospitality, and leisure

• Education and healthcare

• Technology and finance

• Manufacturing and agriculture

What type of programs are offered to help businesses grow?

• Financial audits and tax planning

• Marketing strategies and sales training

• Mini MBAs and digital software

• Legal advice and compliance checks