Through our Quarterly Economic Survey (QES) we help to contribute to the British Chambers of Commerce Economic Survey, Britain’s most influential private sector business survey. The QES, Britain’s longest-running, survey, has provided consistent data since 1989, and regularly receives more than 7,000 business responses nationally.
The QES is also a leading indicator – often picking up big changes in the economy long before other surveys or official statistics and is used by the Bank of England’s Monetary Policy Committee, as one of its key benchmarks when setting interest rates. The HM Treasury and the independent Office for Budget Responsibility use the QES to put together their forecasts for the UK’s economic performance whereas the European Commission uses it to assess the health of the UK economy when it makes policy recommendations for both Westminster and Brussels.
