Prime proud to be backing key Economic Survey

Here at Prime Accountants, we place a great importance on what factors are affecting the local economy and, in turn, how that affects our business, our people and our community.

That is why we are delighted to be partnering Coventry and Warwickshire Chamber of Commerce’s Quarterly Economic Survey (QES) as its main sponsor for the next 12 months.

The QES questions more than 400 businesses across the region each quarter, acting as a barometer for the local economy, as well as feeding into the British Chambers of Commerce national survey.

Steve Harcourt, a director at our Coventry office in Argosy Court, which advises more than 1,000 businesses across the region, outlined the importance of the QES.

Steve said: “We need to be monitoring business mood via tools such as the QES now more than ever, given the uncertain climate across the country caused by Brexit.

“It was a no-brainer for us to support a survey that places great emphasis on data and numbers, as we do, and it will allow our clients, key decision-makers and the wider community to keep their finger on the local economic pulse.

“We deal with businesses of varying sizes on a daily basis, the majority of which are holding back on major decisions relating to investment or long-term planning until they know what is going to happen with Brexit.

“Although uncertainty and low business confidence may heighten as we approach the October 31 deadline to leave the European Union (EU), I think we’ve reached a stage now where the business community is still in a stable frame of mind, as many firms have done all of the hypothetical planning they can do and are ready to pursue specific avenues depending on the Brexit outcome.”

Coventry and Warwickshire Chamber of Commerce’s next QES is set to be published in September.

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “The next QES could well be the last one before the UK leaves the EU and will also offer the first opportunity to see if a change in Prime Minister has had an initial positive or negative impact.

“Prime Accountants Group deals with a range of businesses across the region and will have an informed and credible view of how businesses are coping in the current climate, so they are an ideal partner for supporting and feeding into the QES.

“We look forward to working with Prime Accountants on analysing the impacts on the business community from what is set to be a landmark period for our country.”

For more information about how you can get involved in Coventry and Warwickshire Chamber of Commerce’s QES, visit https://www.cw-chamber.co.uk/about-us/policy/quarterly-economic-survey-pending/.