Survey launched to discover effect of lockdown on businesses all over Milton Keynes

A survey has been launched today to assess the potentially disastrous effect of Covid-19 on businesses in MK
Watch more of our videos on Shots! 
and live on Freeview channel 276
Visit Shots! now

And the data gathered could be used to help firms get back on their feet again.

Milton Keynes Chamber of Commerce is urging people to take part in the exercise, which is its Quarterly Economic Survey (QES) for Quarter 2 of 2020

Hide Ad
Hide Ad

The Chamber’s previous survey in the first quarter of 2020 showed business confidence amongst Milton Keynes’ firms remained high, with a majority of firms at the time expecting an increase in profitability over the next year.

Many businesses have suffered badlyMany businesses have suffered badly
Many businesses have suffered badly

The most common concern was the uncertainty of the UK’s trading relationship with the EU following the end of the Brexit transition period.

But at the time of surveying, the Covid-19 outbreak was in the early stages and lockdown had not started.

"Since that time, the country has seen a range of social distancing measures introduced to combat the spread of coronavirus, which has had an enormous impact on businesses. By participating in this short survey, firms will help to give an accurate picture of the extent of the difficulties they are facing," said Milton Keynes Chamber chief executive Paul Griffiths.

Hide Ad
Hide Ad

He added: “Businesses which respond to our QES help us to give an accurate picture of the state of the city’s economy and strengthen our voice when we are fighting their corner.

“We have been working closely with our members to lobby the government throughout this crisis to ensure our member’s concerns are addressed. I implore everyone to fill in this survey and give us the data we need to accurately address the challenges industry is facing.”

The views and concerns of businesses recorded in the QES are taken into consideration by key local, regional and national policymakers. The data is used by the Bank of England, the Treasury and by international finance institutions to assess the UK’s economy.

The deadline for participation is June 8. You can take part in the survey here