Posted: 18/05/20 by Milton Keynes Chamber of Commerce Ltd
Milton Keynes Chamber of Commerce has opened its Quarterly Economic Survey (QES) for Quarter 2 of 2020.
The Chamber’s previous survey for Quarter 1 of 2020 showed business confidence amongst Milton Keynes’ firms remained high, with a majority of firms at the time expecting an increase in profitability over the next year. The most common concern amongst respondents was the uncertainty of the UK’s trading relationship with the EU following the end of the Brexit transition period.
At the time of surveying for Q1, the Covid-19 outbreak was in the early stages, and yet was already being stated as a significant concern to businesses in the region.
Since that time, the country has seen a range of social distancing measures introduced to combat the spread of Coronavirus, which has had an enormous impact on businesses. By participating in this short survey, firms will help to give an accurate picture of the extent of the difficulties they are facing.
The views and concerns of businesses recorded in the QES are taken into consideration by key local, regional and national policymakers.
Milton Keynes Chamber chief executive Paul Griffiths said: “Businesses which respond to our QES help us to give an accurate picture of the state of the city’s economy and strengthen our voice when we are fighting their corner.
“We have been working closely with our members to lobby the government throughout this crisis to ensure our member’s concerns are addressed. I implore everyone to fill in this survey and give us the data we need to accurately address the challenges industry is facing.”
QES data is also used by the Bank of England, the Treasury and by international finance institutions to assess the UK’s economy.
The deadline for participation is June 8th.
To take part in the survey visit https://www.surveymonkey.co.uk/r/MK-QES-Q2-2020