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Make Your Views Count With The QES November 17, 2008

Posted by liverpoolchamber in Business, Policy, Surveys.
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survey_resultsIn these turbulent economic times, the Quarterly Economic Survey (QES) is even more important than usual.

Not only are the results of the survey considered by the Bank of England in setting interests rates, but they are also used locally by agencies developing business support packages.

We have sent out paper copies to our members across Greater Merseyside. However, we want to hear from all businesses, members or not.

You can fill in the QES online by visiting the Mersey Economy website and following the QES link on the home page. Or you can return your printed survey by fax to 0151 236 0121or post to:

Policy Department
Liverpool Chamber of Commerce
One Old Hall Street
L3 9HG

UK ‘Now In A Worsening Recession’ October 7, 2008

Posted by liverpoolchamber in British Chambers of Commerce, Business, Policy.
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The publication of the British Chambers of Commerce’s Quarterly Economic Survey for Q3 2008 paints an increasingly gloomy picture of Britain’s business.

The domestic economy is under immense pressure for the second quarter in a row, with the survey results showing that the UK is now in a worsening recession.

Key results from the survey show:

  • Domestic balances, sales as well as orders, have moved deeper into negative territory, for both manufacturing and services
  • All firm sizes, in both sectors, show negative Q3 domestic balances, a disturbing and unusual situation
  • Manufacturing export balances plummeted in Q3
  • Collapse in confidence across sectors
  • All confidence balances, turnover as well as profitability, fell to record lows in Q3, for both manufacturing and services
  • Cashflow balances remain negative in this quarter
  • Recruitment dip across sectors
  • Investment balances in plant and machinery moved into negative territory for both sectors

BCC Director-General David Frost said:

“We are clearly in a very difficult economic period but it is important that we retain a sense of proportion. Many parts of the business community continue to perform well.

“Confidence is critical and it is vital that businesses are shown leadership. The BCC will be showing such leadership in the coming months.

“The Government needs to say that business taxes will be cut. The Bank of England need to cut interest rates immediately and politicians need to get behind our businesses in these challenging times. ”

Read more on the BCC website.

Read a summary of the QES Q3 on the BCC site [PDF]

This story on the BBC

What do you think needs to happen? Let us know in the comments.

Are We Facing A Recession? July 8, 2008

Posted by liverpoolchamber in British Chambers of Commerce, Business.
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With the British Chambers of Commerce reporting that Britain’s SMEs are predicting economic doom, what’s the opinion of Liverpool’s businesses?

Have you seen the warning signs in things like spiraling fuel costs, cash flow problems, the struggling property market and rising inflation?

Or are you confident that SMEs can remain the backbone of the British economy and weather this particular storm.

Read the BBC press release and QES results here.

Let us know your thoughtsby leaving a comment, or alternatively give a yes/no answer on the Chamber’s home page poll.

Quarterly Economic Survey Q4 2007 November 26, 2007

Posted by liverpoolchamber in Business, News, Policy, Surveys.
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Just a gentle reminder that the current QES is under way and your participation is essential in making this a success.

The Greater Merseyside Quarterly Economic Survey is an important tool for the Chamber network. It tells us what’s going on in Greater Merseyside and helps us to argue on behalf of business and lobby for changes to benefit companies in the region.

However, for our arguments to carry any weight we need to have heard from you, our members, and obviously the more companies that we hear from the more accurate our picture and the more noise we can make on your behalf.

To have your say, visit our Mersey Economy website and follow the Quarterly Economic Survey link on the home page.