Questions from the CBI to BIBA regarding “State of Trade”

3rd June 2009

BIBA sit on the Trade Association Council at the Confederation of British Industry (CBI). The CBI have asked BIBA for their views on 5 important “state of trade” questions. The CBI will then support BIBA in using this information to represent our sector to key Government Ministers and Departments. Please take a short time to review the following questions and provide your answers by the end of June 2009.


1. General Activity


What has been the trend in activity in your sector in terms of both demand and output?




2. Credit conditions


Has your sector experienced a tightening of credit conditions? If so, has it affected investment plans?




3. Labour market


a. What has been the trend in employment in your sector over recent months and how do you see the outlook over the months ahead? 




b. What has been the trend in wages/salaries in recent months and how do you see the outlook in the months ahead?




4. Inflationary pressure


Has there been a reduction in the prices charged by your members in recent months? 




5.       What are your trade association’s top three policy issues (excluding economic climate)?




Our provisional answers for this section are:


(1) Access to Insurance ( Equality Bill, Flood and Water management Bill)

(2) Understanding the value of Advice ( including issues regarding comparison sites)

(3) Review of FSCS funding model (it’s inequitable that small brokers pay for the banks)



Thank you for taking the time to answer the questions above. If you have any further queries please contact Graeme Trudgill, BIBA’s Technical and Corporate Affairs Executive for further information on 02073970218 or on [email protected]


Yours sincerely


Graeme Trudgill

Technical and Corporate Affairs Executive


Direct Tel:  020 7397 0218

Direct Fax: 020 7626 9676

Email: [email protected]