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Chamber News

BCC: Heathrow Decision Demonstrates UK Still Open for Business

Commenting on the vote to approve expansion at Heathrow Airport, Adam Marshall, Director General of the British Chambers of Commerce (BCC), said:

“Finally! Business has been waiting years for decisive, cross-party action in the national interest – and decades for the expansion of our main gateway to the world. 

“Now that Heathrow expansion finally has a green light from Parliament, it must now proceed at pace. The sooner we see diggers in the ground, the sooner this decision will boost business confidence, supply chain companies and trade links around the world. 

“Amid growing uncertainty over Brexit, big decisions like this are needed to show our investors and trade partners that the UK remains open for business. Further bold moves on infrastructure, investment and connectivity must follow. 

“As Heathrow expands, it must deliver on its promise of better connections to other airports around the UK – so that businesses everywhere can benefit from improved links to key destinations around the world. It is crucial that Heathrow expansion benefits not just London but all corners of the UK.” 

Chamber: Delay Roll-Out of Making Tax Digital

• 24% of firms have never heard of Making Tax Digital, which comes into effect next April for VAT

• Only 10% of firms know ‘a lot of details’ about the switch to the digitised tax system

Ten months ahead of its planned introduction, an alarmingly high proportion of UK businesses have little or no awareness of HM Revenue and Customs’ flagship Making Tax Digital project, according to new research released today (Tuesday) by the British Chambers of Commerce, in partnership with Avalara.

Based on the responses of over 1,100 firms, with less than a year to go until the government plans to roll out Making Tax Digital (MTD), there is a widespread lack of awareness among business communities about the switch to a digitised tax system. A quarter (24%) of firms have never heard of it, and two-thirds (66%) know it only by name or some details about it.

All VAT registered businesses will have to maintain digital records for VAT and submit their returns digitally from April 2019 – just days after the UK leaves the EU. Of those that are aware of the change, a quarter (25%) have made no preparations at all. This is a concern as MTD will require VAT registered firms to have MTD compatible software in place that can create a VAT return and connect to HMRC systems via an Application Programming Interface (API). This is a much more complex process for businesses than the current online process of manual completion of VAT returns. 

As the government prepares to roll out this flagship policy, businesses are reporting low levels of satisfaction and support from HMRC. Asked to rate the overall level of service, help and support received from HMRC on a scale of one to five, 60% of firms gave the tax authority a rating of 3 or less. Levels of direct engagement with HMRC remain low. Of those firms that are aware of MTD, just 6% of businesses have contacted HMRC for advice (including online services, webinars, or via their telephone services), compared to 51% who have spoken to an accountant.  

The BCC is therefore calling for the introduction of Making Tax Digital to be delayed for all businesses until the start of the 2020/21 financial year. This would give HMRC the breathing space to engage effectively with businesses, ensure that the necessary software is in place, and raise levels of awareness about the impending changes. While steps have been taken to free-up capacity, businesses remain concerned that HMRC may still lack the resources to deliver MTD at the same time as supporting firms through the Brexit process (particularly given the level of uncertainty over the final customs arrangement), as well as day-to-day compliance issues. The delay to this initiative would also provide HMRC with the extra headroom that maybe needed to support business on these vital issues.

Mike Spicer, Director of Economics and Research at the British Chambers of Commerce (BCC), said:

“The government’s aim to modernise the UK’s tax system is admirable, but in view of low business awareness and the impending challenges of Brexit, it would make sense for HMRC to delay the implementation of Making Tax Digital in order to get this change right.

“We are concerned that far too many firms still aren’t clear on what Making Tax Digital is, or what it means for their operations. With just months to go before the deadline, these knowledge gaps could make the timeline for change unworkable for many firms.

“Ministers must face up to the reality of the pressures facing HMRC and delay the introduction of Making Tax Digital for all businesses for the next financial year. This would allow the Revenue to focus its immediate attention on supporting businesses through the Brexit process, which must be a key priority.

“When Making Tax Digital is implemented, the acid test will be whether it ultimately creates a simpler and more efficient tax system, or yet more onerous administrative burdens that stifle the growth of UK firms.”

Richard Asquith, VP of Global Indirect Tax at Avalara, said:

“Making Tax Digital will affect 2.6 million businesses. It is the biggest overhaul in VAT obligations in decades. Approximately 25% of businesses are still using manual or spreadsheet record keeping, which falls foul of HRMC’s new requirements. It is still not clear how they can become compliant without more education plus investment in compliance accounting packages. To date, HMRC have remained confident that they can cope with MTD and Brexit; although 29 other efficiency projects have had to be cancelled or delayed in preparation of the UK leaving the EU in March 2019.

“HMRC will be clarifying their Making Tax Digital program at our free Tax Summit in London on the 3rd October. This will be a great chance for businesses to have some of their concerns addresses by HMRC directly.”

Chamber CEO to highlight business growth contribution at Economic Strategy Brunch

Businesses are being invited to come and hear from our CEO, Chris Sargisson and Chris Starkie, CEO of New Anglia LEP, who will both be outlining the latest on our region’s economic strategy and how business can get involved.

Chris Sargisson will be talking about how local businesses are helping to grow the economy, their contributions to this and the challenges they are facing and the need to promote a positive message about Norfolk and being ‘open for business’.

The brunch is being delivered by Norfolk County Council at the Royal Norfolk Show – Stand 92.  It commences at 10am and closes at 11.30am – and is free to attend.

Agenda for the brunch:

10.00 – 10.30: a networking business brunch 10.30 – 11.30: a series of presentations providing an overview of how the County Council and partners are supporting the growth of the Norfolk economy:

  • The Norfolk & Suffolk Economic Strategy – the Context for Growth in Norfolk – Chris Starkie, New Anglia Local Enterprise Partnership
  • The Business Contribution to Growth – Chris Sargisson, Managing Director, Norwich and Norfolk Chamber of Commerce
  • Norfolk’s Emerging Growth Strategy – Andrew Proctor, Leader, Norfolk County Council
  • The Eastern Institute of Technology – Meeting the Demand for Advanced Skills – Dr Nikos Savvas, Principal and Chief Executive, West Suffolk College
  • Questions to the panel

Book your free place now

Implementation of the ATA Carnet System in Qatar

From 1 August 2018, the Qatar Chamber of Commerce and Industry, Doha will become the 77th guaranteeing organisation member of the WCF/ATA international guarantee chain.

  • ATA Carnets will be accepted by the Customs of Qatar for the following categories of goods: goods for display or use at exhibitions, fairs, meetings, or similar events
  • ATA Carnets are accepted for transit
  • ATA Carnets are not accepted for postal traffic
  • ATA Carnets are accepted for unaccompanied goods
  • Importation in multiple / split consignments is not accepted. However, importing only a part of the goods is allowed under the condition that said imported items are re-exported as 1 consignment.

Languages in which Carnets should be completed English or Arabic. Qatari Customs may require translation when Carnets are completed in any other language.

Replacement Carnets Accepted

Carnet completion It is advisable that the following information is shown in Box C of the importation Voucher:

  • Name of the event
  • Venue of the event
  • Duration of the event

Important notes:

a) Penalty for late re-export: Failing to re-export goods by the final date of re-exportation as specified by Qatar Customs, a fee of QAR 1,000 shall be payable for every week or part of the week past the re-exportation date, taking into consideration that the final amount shall not exceed 20% of the value of the goods. Goods not re-exported for whatever reasons, shall be subject to import duties, taxes and penalties according to Qatar Customs law.

b) Penalty for non-presentation of Carnet on re-export: A Regularisation Fee between QAR 500 to QAR 1,000 will be imposed by Customs for non-presentation of Carnet Forms to Customs for endorsement/verification upon re-export from Qatar, when alternative proof of re-exportation is provided.

c) Penalty for undervaluing the goods: Penalties may be applied in cases where the Qatari Customs deem that the goods on the General List have been undervalued. This may also include seizure/confiscation of the goods as well as prosecution under Qatari law.

You can find out more about ATA Carnets here.

 

‘Doing Business in…’ Guides

We have a wide variety of ‘Doing Business in…’ guides available for FREE at our offices. This page will be updated when new guides are received.

The countries we have available are as follows:

To request a FREE copy of any of these guides, please contact us on 01603 729712 or email export@norfolkchamber.co.uk

Angola Angola is the third biggest market in Sub-Sharan Africa, and one of its fastest growing economies. Situated on the south-western coast of the continent, it is estimated that Angola will overtake Nigeria by 2020 to be Sub-Saharan Africa’s leading oil produces with production figures currently close to two million barrels per day.

Argentina Argentina is the eight largest country in the world, and the second largest in Latin America.   Argentina is rich in natural resources, and has seven diverse regions, including the Pampas – a very large and fertile alluvial plain in the centre and east of the country, and Patagonia in the south, consisting mostly of arid steppes and cold grasslands, with some forests in the Andes foothills.  Argintina has an export-orientated agricultural sector, and a diversified industrial base.

Australia Australia’s economy has famously avoided recession for the last 25 years, navigating the global financial crisis more successfully than most. While economic conditions are more challenging, strong cultural and institutional ties mean Australia remains an excellent place for British companies to do business.

Azerbaijan The Republic of Azerbaijan is located on the souther edge of the Caucasus Mountains in Transcaucasia, and borders Iran to the south, Armenia to the wesst, Georgia to the northwest, Russia to the north and the Caspian Sea to the east.  Azerbaijan’s economy expanded in the first half of 2018, with revived output in the services sector due to imporved terms of trade.  Azergaijan’s economic performance should strengthen, helped by natural gas exports and a moderate acceleration in domestic demand.

Bangladesh There is talk of Bangladesh as the new ‘Asian Tiger’. The country’s export-led growth over the past two decades has been supported by an abundance of low-cost labour, an increase in female labour force participation, and productivity gains from a shift away from agriculture to manufacturing. It is estimated, for example, that Bangladesh has picked up about two-thirds of China’s low-end manufacturing market share in Europe.

Belgium Belgium is an idea starting place for UK companies new to exporting. For any company looking to expand into Europe, Belgium is the ideal tester market – it is an open and dynamic market with plenty of opportunities for high-value products and services, and English is an accepted business language, and for UK companies it is just a shot train ride away, making your export journey that much easier.

Cambodia Cambodia is one of the fastest-growing economies in Southeast Asia and currently ranks 11th in the world in terms of high GDP growth over the last decade.  With a forecasted 7% economic growth per year for the next five years and a rapidly growing consumer class that is earning triple the average income, it is an attractive market to invest and do business in.

Canada Canada is the world’s second largest country and eleventh-largest economy, with a population of 37 million people.  There are extensive historical ties between the UK and Canada, and English is one of Canada’s two official languages.   The UK exported £10 billion of goods and services to Canadain 2017, making it the UK’s eighth biggest export market outside the EU and the Uk is Canad’s seventh largest source of good imports and second largest services trading partner.

China China is the great economic success story of the past 30 years. Since the “reform and opening-up” policy was introduced in 1978, china has changed beyond recognition. A Soviet-styled planned economy has transformed into a vibrant market-orientated economy and 600 million people have been lifted out of poverty. Between 1985 and 2010, 70% of the world population who had been lifted out of poverty were Chinese. Without China, the global poor population would have risen by 58 million.

Denmark Denmark is a Nordic country located in northern Europe, located southwest of Sweden and due south of Norway and is bordered by the German state (and former possession) Schleswig-Holstein to the south, on Denmark’s only border, 68 km (42 miles) long. Doing business in Denmark is very similar to doing business in the UK. If your product or service is successful in the UK, there is a good chance you will be successful in Denmark.

Egypt The Arab Republic of Egypt has a stragteic geographical location in the heart of the Middle East and North Africa (MENA) region.  Egypt is a lower-middle income country.  Its fast-growing, young population, diverse and expanding economy, and its strategic location make it an ideal global business hub.  At nearly 30 million, Egypt’s labour pool is the largest in the region, consisting of a well-trained, highly-educated and competitive workforce in a variety of sectors.

Germany Germany had a Gross Domestic Product (GDP) of more than USD$3.85 trillion in 2015 (USD $39,717 GDP per capita). This makes it the largest economy in Europe and the fourth strongest economy in the world. Its consistently strong economic performance offers long-term growth potential for UK businesses. Its GNI per capita was USD $43,443 PPP in 2015.

Hong Kong & Macau The Chinese Special Administrative Regions (SARs) of Hong Kong and Macau consist of over 230 islands on either side of the Pearl River Delta in South China, and are surrounded by the Chinese province of Guangdong to the north and the South China Sea to the west, south and east.  The People’s Republic of China (PRC) is responsible for Hong Kong’s foreign affairs and defence.   Hong Kong is an exceptionally competitive financial and business hub.  It is the world’s eighth-largest trading economy and one of Asia’s leading financial and business centres.    The economy of Macau SAR is reliant on casino gaming and tourism.

India India is a very large country made up of 29 different states and 7 union territories. The market varies widely across its many different regions and states, and it is a market which requires a lot of patience and long-term strategy to be successful.

Indonesia Indonesia is a large and geographically diverse country that has abundant resources such as nickel, gold, coffee and other forest and marine resources. As part of the Association of Southeast Asian Nations (ASEAN) free trade zone, Indonesia’s strategic geographic position allows easy onward access to other Southeast Asian countries plus China, Japan and Australia for UK companies looking to expand in the region. 

Italy Italy is located in southern Europe from the Alps in the north and jutting south into the Mediterranean Sea. South of the Alps is the large plain of the River Po, draining eastwards into the Adriatic Sea. South of this valley, and running the length of the country to the southern tip are the Apennine Mountains. In addition to the mainland, Italy includes the Mediterranean islands of Sicily to the south and Sardinia to the west. Italy has a highly diversified economy and can offer opportunities in many sectors.

Jordan Jordan (officially The Hashemite Kingdom of Jordan) is an Arab kingdom in West Asia, on the East Bank of the Jordan River.  The country has a strageic position at the lear of the Levant.  It is politically stable, with an open business environment, with the region attracting more than £1 billion worth of UK export.  Jordan is a raplidy developing country with an untapped potential.  Due to regional instability over the past decade, Jordan has become an attractive home base for business int he Middle East and North Africa (MENA) region.  Limited in natural resources, Jordan depends on its educated population, its political stability and its integration with the world and regional markets.

Kazakhstan Kazakhstan is the 9th largest country in the world, (the largest land-locked) and is located in central Asia, it is also one of the most sparsely populated with an estimated population of around 17.6 million. The main UK exports are oil and gas, education, financial and business services, healthcare and medical equipment, architecture and design services, as well as mining.

Kenya Kenya is the 6th largest economy in Sub-Saharan Africa and home to 44 million people. It is the regional hub for trade and finance in Eastern Africa and the natural entry point to the region. The country has a market-based economy with a liberalised foreign trade policy. There are positive prospects of economic growth predicted despite the challenging global environment from 5.9% in 2016, 6% has been forecast for 2017 with the prospect of 6.1% by 2018, according to the World Bank. Kenya has emerged as one of Africa’s key growth centres and is poised to become one of the fastest growing economies in East Africa, supported by lower energy costs and investment in infrastructure, agriculture and manufacturing.

Kuwait Strategically situated at the northwest corner of the Arabian (Persian) Gulf, the State of Kuwait is a small, stable and prosperous country in what is sometimes a difficult neighbourhood.   Kuwait’s economy is built almost entirely on oil production and the revenue from the investment of its oil profits overseas.  This makes Kuwait a very wealthy country and allows the government to offer many benefits to its citizens.

Malaysia Malaysia is a multi-ethnic, multicultural and multilingual society. It is a relatively open, newly industrialised market economy and is ranked highly in the World Bank’s “2017 Ease of Doing Business” survey (23rd out of 190 countries). Malaysia is one of Southeast Asia’s most successful economies and one of the Department of International Trade’s (DIT) high growth markets.

Mauritius Located off the southeast coast of Africa, the mountainous and volcanic island of Mauritius has a population of 1.3million inhabitants.  Since its independence in 1968, Mauritius has undergone through various stages of economic transformation, transitioning from a sugar-based economy to a diversified and innovative economic model.  Today, Mauritius is a middle-income economy pursuing a liberal and open economic policy and welcomes foreign investment in nearly all sectors of the economy.

Mexico Mexico is the world’s 15th largest economy, according to the International Monetary Fund (IMF). World Bank analysts and Goldman Sachs predict that its economy could be the world’s 5th largest by 2050. Mexico has a stable democracy and the country has considerable growth potential, with many advantages including a large, young workforce, a privileged geographical position for trade, and stable macroeconomic indicators. With a population of around 122 million, it is the largest Spanish-speaking country in the world and the second most-populous country in Latin America after Brazil.

Mongolia Stretching over 2,390 km from west to east and 1,260 km from north to south, Mongolia is a landlocked country situated in east-central Asia between China and Russia, and is more than six times the size of the UK – about the combined size of west and central Europe.  Since 1991, Mongolia has transformed into a vibrant parliamentary democracy, with rule of law and a free, lively media, three times the level of GDP per capita and vast agricultural and mineral resources including major deposits of coa., gold, copper, iron ore and uranium.  Mongolia’s GDP growth rate increased from 1.2% in 2016 to 5.3% in 2017 and 6.9%in 2018. 

Nigeria Nigeria has very similar business and legal practices to the UK, and while there are several ethnic tribes and dialects, Yoruba, Igbo and Hausa being three of the major groups, English is still the generally-spoken language.

Norway Norway is a wealthy, open and mixed economy which is primarily service and manufacturing-based. English is very widely spoken and the UK holds a strong economic relationship with Norway and currently stands as the fourth-largest source of Norway’s imports. Doing business in Norway is similar to doing business in the UK and if your product or service e is successful in the UK, it is likely to be successful in Norway.

Oman  The Sultanate of Oman is the third-largest state in the Arabian Peninsula, and is a founding member of the Gulf Cooperation Council (GCC).  It is a stable, and relatively prosperous, business-freindly country in what is sometimes a difficult, but strategically important, region.   Whilst Oman’s key economic priority investment is still in the oil and gas secotr, its main econimic goals are set out in the long-term strategy – Oman 2020: Vision for Oman’s Econmony (Vision 2020).  Oman is now one of the UK’s largest export markets in the GCC.

Pakistan Even for the seasoned exporter, Pakistan is not the easiest proposition due to the procedures that need to be followed, but with the right preparation and the assistance of UK Trade & Investment (UKTI) teams throughout UK and in Pakistan both those experienced in overseas trade and those who are not, can successfully do business in Pakistan. You may be an exporter looking to sell directly to Pakistani customers or through an agent or distributor in the market. Alternatively, you may be planning to set up a representative office, joint venture or other form of permanent presence in Pakistan.

Panama Panama has a solid foundation of economic and political stability. Panama grew at 8.4% in 2013 – the second-fastest growth rate in Latin America and the Caribbean.

Poland Poland has enjoyed uninterrupted growth since 1992. Key growth drivers include corporate investment, private consumption and exports, with a historic trade surplus. Longer term, Poland has catch-up growth potential remaining to developed economies. According to PwC, the economy if forecast to grow around 3% per annum until 2030 and 2.5% per annum until 2050.

Qatar Qatar is a small independent sovereign state in the Middle East and is one of the six members of the Gulf Cooperation Council (GCC).  It is a relatively small country, but one of the richest in the world with a very high gross domestic product (GDP) per head.  This affluent market with its growing population offers opportunities for UK businesses across a wide range of sectors.  It has significant oil and gas reserves, and energy production per head dwarfs the other Gulf countries.   As oil prices can and do fluctuate, the government is using the revenue generated to diversify its economy.

Romania Romaina is located in south east Europe at the strategic crossroads of the European Union (EU), the Commonwealth of Independent States (CIS) and the Middle East. With 19.46 million inhabitants, the country is the seventh most populous EU member state, and its capital and largest city, Bucharest, is the sixth largest city in the EU.

Singapore Singapore is a small but wealthy city-state, occupying a strategically vital location at the southernmost tip of Peninsular Malaysia, where major sea lanes between east and west converge. Singapore’s historic role as an entrepot and trans-shipment centre for the region has traditioanlly created opportunities across a broad spectrum of sectors. This globally-connected, multi-cultural and cosmopolitan city-state offers a conductive business environment, especially to creative and knowledge-driven businesses.

South Africa South Africa is the most sophisticated and developed economy in Africa and has some high-class companies in finance, real estate and business services, manufacturing, and wholesale and retail trade. South Africa is the ‘gateway to Africa’ for investors due to its comparative sophistication, ease of doing business, continental expertise and ability to act as a base for critical services (e.g. auditing) for doing business on the rest of the continent.

Spain Spain remains an important market and business partner for the UK. It is our 8th largest export market (9th for goods), with bilateral trade of goods and services amounting to over £40 billion annually.

Switzerland The Swiss economy has weathered the economic storm in Europe well over the past years, despite continued upward pressure on the Swiss Franc.  Switzerland’s economy benefits from a highly-skilled labour force, a stable political environment, liquid and sophisticated financial markets, low taxes, strong domestic purchasing power, a well-developed infrastructure, a stable macroeconomic environment and a strong service sector.  Switzerland is a diverse and mature economy with opportunities in all Sectors.

Taiwan Taiwan is a stable, vibrant democracy with a free press and independent judiciary, and there is a large British business presence in Taiwan. One of Asia’s “Four Tigers”, along with South Korea, Singapore and Hong Kong, Taiwan has transformed itself through decades of hard work into a well-industrialised and mature capitalist economy. From being an underdeveloped, agriculture-based island, Taiwan has grown to be a dynamic world-class leader in technology. 

Thailand Located in south-east Asia and just 15 degrees north of the equator, Thailand, covering an area of nearly 514,000 sq. km (200,000 sq. miles), is almost equal in size to Spain. It is bordered by Myanmar (Burma), Cambodia, the Lao People’s Democratic Republic (Laos) and Malaysia, and comprises of almost 2,500 km of coastline on the Gulf of Thailand and the Andaman sea. 

Turkey Turkey is a large, rapidly developing country with a domestic consumer market of 80 million people.  Over the last decade Turkey has been aligning its regulations in anticipation of eventual EU membership, and its existing Customs Union with the EU currnetly offers significant opportunities for UK companies across a broad range of sectors.

UAE The United Arab Emirates (UAE) is a country located in the Arabian Gulf, bordered by Saudi Arabia and Oman. Because it is located in the centre of the Gulf countries, Indian Sub-Continent, Commonwealth of Independent States (CIS) and Africa, the UAE enjoys a strategic position that allows it to present unlimited opportunities across a wide range of sectors. In fact, as this guide will indicate, the UAE is now a hotbed of innovation brimming with new ideas. Being a hub for new ideas is a reclamation of a long tradition of Arab thinking and research.

Ukraine The UK is the fourth largest investor in Ukraine, after Cyprus, Netherlands and Russia (as of 2017).   There are over 150 well-established UK Companies in Ukraine, with many more brands present.  Major UK companies in the market include BP, Shell, GSK, AstraZeneca, BAT, Imperial Tobacco, Mott MacDonald, Crown Agents, Next and Marks & Spencer.  Ukraine has significant economic potential as a result of its strategic location connecting Europe, Russia and Asian makets, a well-educated labour force, its large domestic market, and access to a variety of resources, including some of Europe’s best agricultural land, significant coal and some oil and gas reserves.

Uruguay Uruguay is a small country in the southeast of South America, slighly larger than England.   Uruguay is a stable country.  It has strong instituions and performs well on all major transparency and ease-of-doing-business indices.  In the past ten years Uruguay’s economy has become more resilient and its exports more diversified.   In 2017 the trade balance of goods and services between the UK and Uruguay resulted in a UK trade surplus of £64 million.

Vietnam Overseas investors in Vietnam remain committed to the country and it is not difficult to see why. With the third largest population in South East Asia, after Indonesia and the Philippines, and more than half of the population below the age of 30, Vietnam is a youthful and vibrant country with a developing culture of entrepreneurship, technological awareness and openness to new ideas. With literacy rates over 90%, the workforce is vast and well-educated. Employment costs are lower than in neighbouring countries and living standards are rising. Vietnam has made a remarkable recovery over the last few decades. 

“Stansted-China return, please”

If business and political leaders in the southeast of England get their way, then it will soon be possible to book a direct flight from London Stansted Airport to destinations in China.

To help promote the initiative, a new body has been established to represent the interests of companies and organisations wanting to strengthen trading ties between the region and China.

The inaugural meeting of the East of England-China Forum brought together representatives from a range of organisations, including business groups, local councils, tourism agencies and universities.

The forum is intended to help establish a new partnership between the region and China, secure a direct air link between the two regions and foster new trade and investment opportunities in the East of England.

Last year, China accounted for 30% of all global economic growth and created a surge in UK-bound tourism and investment as well as increased demand for British education, research capabilities, goods and services.

In 2016, the combined value of imports and exports between the East of England and China was thought to be worth £4.3 billion.

“As China becomes an increasingly important force in twenty-first century global trade, it is of paramount importance that the East of England, plus north and east London, has in place a clear strategy that allows it to nurture long-term economic ties with the country,” Ken O’Toole of London Stansted explained.

By building its coalition, the forum feels it will be well placed to demonstrate the size of the opportunity to airlines.

Its ambitions are also rooted in the knowledge that a similar coalition in Manchester has helped secure direct links to both Hong Kong and Beijing in recent years.

Just one week left to have your say in Norwich Western Link consultation

Time is running out for businesses and the public to share their experiences and opinions on transport problems to the west of Norwich, as an eight-week consultation will draw to a close early next month.

Norfolk County Council is asking people for their views on any existing transport issues in this area and whether improvements are needed. The consultation is being carried out in response to calls from many people to fill in what they see as a ‘missing link’ between where the Norwich Northern Distributor Road (now called Broadland Northway) ends at the Fakenham Road (A1067) and the A47.

More than 1,200 responses to the consultation have been received over the last seven weeks, with most people going online to give their views via www.norfolk.gov.uk/nwl. Nearly 1,100 people have also come to a series of consultation events to speak to council staff and respond to the consultation in person.

Martin Wilby, Chairman of Norfolk County Council’s Environment, Development and Transport Committee, said: “This consultation has shown, if there was any doubt, that many people have strong opinions on transport in the area to the west of Norwich. We’re getting lots of valuable insights from local residents and those who travel through the area, and they’ll be very useful as we come up with some options for things we could do to help tackle these problems.

“If you feel strongly about this too but you haven’t responded to the consultation yet, I would urge you to tell us what you think – it should only take around 10 minutes.”

While building a new road between the end of Broadland Northway and the A47 is one potential option, the consultation asks people to identify any options which they believe could tackle transport issues in the area. These include improving public transport and improving existing routes as well as an option to do nothing.

The consultation will close at midnight on Tuesday, 3 July. The council will analyse the responses over the summer and let people know the results later this year and what, if anything, it proposes to do to tackle any of the transport issues identified.

For more information and to respond to the consultation online, visit www.norfolk.gov.uk/nwl.  

World trade expansion begins to slow

The latest World Trade Outlook Indicator (WTOI) is 101.8 which remains above the index’s baseline value of 100 but is below the previous value of 102.3.

According to the World Trade Organization (WTO), which produces the index, this suggests continued solid trade growth in the second quarter (Q2) of 2018 but probably at a somewhat slower pace than in the first quarter.

“The recent dip in the WTOI reflects declines in component indices for export orders in particular but also for air freight, which may be linked to rising economic uncertainty due to increased trade tensions,” the WTO suggests.

The latest results are broadly in line with the WTO’s most recent trade forecast issued on 12 April 2018, which predicted a moderation of merchandise trade volume growth from 4.7% in 2017 to 4.4% in 2018.

While the air freight index remains above trend (102.5), it has lost momentum in recent months. Container port throughput remains above trend (105.8) but shows signs of plateauing, while automobile sales (97.9) and agricultural raw materials (95.9) are currently weighing down the WTOI.

The WTO cautions that the index is designed to provide “real time” information on the trajectory of world trade relative to recent trends, and is not intended as a short-term forecast, although it does provide an indication of trade growth in the near future.

The full World Trade Outlook Indicator is available here.

Norfolk Business Support Needed for A47 Campaign

We, here at the Norfolk Chamber of Commerce would like to ask you to support our Just Dual It! Campaign. The main aim of this very important campaign is to get the entire A47 converted into dual carriageway.

Since the beginning of March 2018, we, along with the EDP and the Norfolk County Council have been campaigning to persuade the Government to fully commit to dualling the whole length of the A47. This road is one of the main truck routes in Norfolk, which stretches from Lowestoft on the East, to Peterborough in the West.

Nova Fairbank, the Public Affairs Manager here at the Norfolk Chamber of Commerce has said:

“It is vital for our county’s economic growth that we can clearly show that Norfolk is ‘open for business’ – which makes it more important than ever that the A47 is fully dualled.  We are now calling on a wide range of businesses across Norfolk,  from Great Yarmouth, to Dereham, to King’s Lynn and beyond, to show their support for our Just Dual It! Campaign by providing a supporting letter which outlines the impact of the A47 on their business.  We need to be able to demonstrate to Government what the benefits of a fully dualled A47 could deliver in terms of greater economic growth and jobs.”

As it stands, only 47% of the A47 major route is dual carriageway. £330m has already been allocated by Highways England to carry out improvements, however, even with is funding, significant stretches of the A47 will be left as single carriageway, and with no current plans to dual them in the near future.

Whilst we have received a huge amount of support across the East of England, the Government has recommended that we need to get support from key local businesses along the A47 route to increase our chances of success in gaining further funding.

This is where we need your help. If you agree with the Just Dual It! Campaign, then please help us make this campaign as strong as we possibly can. You can do this by completing the enclosed outline template and returning it to us by either email: nova.fairbank@norfolkchamber.co.uk

Or by post:

Nova Fairbank

Norfolk Chamber of Commerce

9 Norwich Business Park

Whiting Road

Norwich

NR4 6DJ

It shouldn’t take you more than a few minutes to complete and your combined support will greatly increase our chances of securing the much needed funding to dual the entire A47.

The deadline for your responses is Friday, 06 July.   We will be taking all the business responses, together with the completed Just Dual It! Postcards down to Westminster later on in July to present our case to Department for Transport ministers.

Please help us make it impossible for the Government to ignore us.

Complete your form today!

Guidance on EU nationals a positive step, says Chamber

Commenting on the draft rules on the EU Settlement Scheme statement of intent, published today by the Home Office, Mike Spicer, Director of Research at the British Chambers of Commerce (BCC), said:

“The guidance published today will be welcomed by employers and EU employees alike. It provides clear information on the status of EU nationals resident in the UK and those who arrive during the transition period after March next year. We know that some businesses lost European employees in the aftermath of the referendum, owing to the uncertainty they faced, so assurances that they can stay are a positive step forward. The next step is for the draft rules to be laid before Parliament and we urge all Parliamentarians to ensure this stage is concluded swiftly.

“We look forward to working with the Home Office to ensure greater clarity on this and other areas in the long term.”

Deadline for Chamber Awards fast approaching

The deadline to enter your business into the Chamber Awards 2018 is this Friday at midnight! This is your chance to showcase the success of your business, with 9 categories you can enter into including Export Business of the Year, Small Business of the Year and Employer of the Year.  Sarah West, Full Mix Marketing has given us her top 5 tips for award winning entries:  1. Answer the question 2. Keep it short and concise 3. Tell a story 4. Find the pearl 5. Take your time Read the full tips by clicking here.  Businesses who enter the awards will compete with fellow entrants from across our region; for us that’s the East of England. Once regional winners have been chosen, they will go on to compete for the national titles. The awards are free to enter and open to Chamber members only. The deadline for applications is midnight on Friday 29 June.  You can find full details on the Chamber Awards by clicking here. If you need any help with your application, or have any questions about the Chamber Awards you can get in touch.

Make our marquee the place to do business at The Royal Norfolk Show

We’re only a few days away from The Royal Norfolk Show, and we want to make our marquee the place to business at the biggest county show in the region!

Norfolk Chamber are returning to The Royal Norfolk Show on stand 74 with a range of activities to show you what your Chamber is all about. We have a dedicated business lounge serving refreshments throughout both days of the show. Invite your clients and business relations to meet you at stand 74 for a catch up, or come along to see what new business contacts are around. Enjoy a break from the madness of the show and see what new connections you can make.

At 3pm on the Wednesday we’ll be holding Gin O’clock with St.Giles Gin! Enjoy one of their speciality gin cocktails as you network in our lounge. Want to come along? Email hello@norfolkchamber.co.uk to let us know!

Throughout the show you’ll be able to come and meet our team to find out how we can support you; from networking to exporting abroad. We also want to know how we can better help your business with our ‘What do you need’ boards. Come and tell us what you need to help continue grow your business in Norfolk. We’ll also be highlighting two of our key campaigns with activity boards at the show; Not More Not-Spots and Just Dual It.

You can find out more about what we’re doing at the show here.

Norfolk Chamber members can get a 10% discount on Norfolk Show tickets using code RNS45 when booking tickets on The Royal Norfolk Show website.