Chamber reacts as inflation falls

Paul Butterworth, CEO at Chambers Wales South East, South West and Mid, stated: 

“At present’s excellent news that iNFLation has fallen to three.4% will come as a aid to companies and customers alike. Over half of companies in Wales had cited iNFLation as a key concern in our Quarterly Financial Survey in This autumn of 2023.

“It is a step in the fitting route as regards to assembly the federal government’s 2% goal. Nevertheless, extended excessive iNFLation charges over the past two years have meant that costs have stabilised at the next degree and, coupled with excessive rates of interest which aren’t anticipated to vary considerably within the short-term, enterprise uncertainty stays.

“Companies might be hoping that the downward development continues and begins to have a direct affect on rates of interest within the coming months to offer higher financial circumstances to plan, make investments and develop Welsh enterprise with confidence.”