As we navigate the twists and turns of the economic landscape, one thing remains certain: your voice matters. At Business West, we understand the power of data in driving informed decision-making and shaping policies that support businesses like yours. That's why we're calling on all businesses to participate in this quarter’s Quarterly Economic Survey and ensure your region's voice is heard loud and clear on the national stage.
The Quarterly Economic Survey (QES) is more than just a survey; it's a crucial tool that provides insights into the economic health and trends across the country. And don't just take our word for it; Andrew Bailey, the Governor of the Bank of England, has hailed the QES as the most reliable data the Bank has on the economic state of the country. Your participation in this survey directly contributes to the data that policymakers and economists rely on to make decisions that impact businesses nationwide.
One of the key challenges we face is ensuring that our region's economic performance is accurately represented in the national data. Bristol, in particular, has been outperforming the national economy significantly. However, the data from other regions, such as London and Manchester, has historically overwhelmed the narrative due to higher participation rates. It's time for us to change that.
By participating in the QES, you have the opportunity to ensure that the unique challenges and opportunities facing businesses in the South West are brought to the forefront. Whether you're a small family-owned business or a large corporation, your input matters. Your responses help paint a comprehensive picture of our region's economic landscape, highlighting areas of strength and areas that may need additional support.
This quarter, we are asking some additional questions to support our own research work, with a theme of "Your priorities in 2024." As we step into a new year filled with both opportunities and challenges, it's more important than ever to understand what matters most to businesses like yours. Whether it's investment in innovation, addressing workforce shortages, or navigating the complexities of international trade, your insights into your priorities for 2024 will inform strategies and policies that directly impact your business and the broader economy. By participating in the survey, you're not only contributing to the collective understanding of our region's economic landscape but also shaping the agenda for action in the year ahead.
At the conclusion of each Quarterly Economic Survey, we compile a comprehensive report detailing our findings for that quarter. This report not only provides insights into the current economic climate but also compares the data to historical trends, offering valuable perspectives on the trajectory of our region's economy. Our reports are not kept under wraps; instead, they are made readily available on our website for all to access.
Additionally, we ensure that key stakeholders, including local politicians, national policymakers, and business leaders across the UK, receive a copy of the report. By sharing these findings widely, we foster informed discussions and drive meaningful actions that support the growth and prosperity of businesses in the South West and beyond. If you're interested in exploring past reports or delving deeper into our survey findings, you can access them through the following link:
Together, we can elevate the voices of our participants and ensure that our region's economic priorities are heard on the national stage. So, take a moment to complete the Quarterly Economic Survey and be part of shaping the economic future of the places you live, work and grow.
Your participation matters. Let's make our voices heard.
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