Businesses across Staffordshire have a unique opportunity to make their voices heard at the highest levels of UK policy-making by participating in the latest Quarterly Economic Survey (QES).
The QES helps to highlight the barriers facing businesses of all sizes and sectors across the county, allowing organisations including Staffordshire Chambers of Commerce to address them in their regional and national lobbying efforts.
This is the first post-Budget QES and we hope this will provide us with feedback on business confidence and outlook, in light of the Autumn Budget.
First launched in 1989, the survey has become a cornerstone of business research, compiled nationally by the British Chambers of Commerce and reviewed quarterly by the Bank of England and various Government departments.
Declan Riddell, Policy Adviser at Staffordhsire Chambers of Commerce, said: “It’s almost two weeks since Rachel Reeves delivered her maiden Budget as Chancellor of the Exchequer.
“Businesses are still digesting some of the announcements, which included a decision to raise Employer National Insurance Contributions (NIC) to 15% and a lowering of the threshold from when payment of NIC is due, from £9,100 to £5,000.
“The Employment Allowance, which allows smaller companies to reduce their NIC liability, will increase from £5,000 to £10,000. Estimates suggest that this announcement could raise an additional £25billion a year for Treasury coffers.”
Have your say and complete the survey, here.
