Q3 Economic Survey: Confidence Edges Up, But Investment Remains Stuck
The latest BCC Quarterly Economic Survey shows a mixed picture for UK businesses. Nearly half (47%) expect turnover to improve over the next 12 months, up from 44% in Q2. However, only 17% plan to increase investment over the next three months – unchanged from Q2 and still at a post-pandemic low.
With the Budget just weeks away, businesses continue to face significant cost pressures. Inflation remains the top concern for 60% of firms, followed by taxation at 52%, while labour and utility costs continue to put pressure on businesses.
The survey, based on responses from more than 4,300 firms across the UK, provides a powerful picture of the pressure on businesses and what needs to change.
Share the latest QES findings with your members and use the insight to support conversations with local policymakers ahead of the Budget on Wednesday 28 October.
