Why uncertainty is creating nervous time for Shropshire businesses, according to report

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Fears of tax rises and economic turbulence caused by the general election and a potential change in policies have triggered a ‘rise in nervousness’ among the Shropshire business community.

That is one of the headline findings in the latest quarterly economic survey carried out by Shropshire Chamber of Commerce.

“Every election causes a degree of uncertainty, but this one - coming on the heels of Covid, Brexit and economic sluggishness – is causing more worries than normal,” said Shropshire Chamber chief executive Ruth Ross. Around 40 per cent of companies reported a rise in sales in the second quarter – slightly ahead of the previous three months. However, just a quarter of the companies which completed the survey said they were operating at full capacity.

The number of companies viewing inflation as a key fear factor fell by 13 per cent on the previous quarter.

 

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