At the Chamber’s Bank of England Lunch, held at the Norwich City Football Club, attendees highlighted that at present they were seeing very little impact from Brexit. Tim Pike, the East of England Agent for the Bank of England asked for feedback on whether the businesses had seen a change in demand following the EU Referendum; whether they had altered their investment and recruitment plans; and if those importing raw materials had seen an increase in costs?
Overall,the consensus of the businesses who attended the lunch was that it was ‘business as usual’. However they did express caution for the future, due to the lack of clarity on Brexit.
Peter Foster, Vice President of Norfolk Chamber, who hosted the lunch said: “It is always fascinating to hear from Tim Pike and the feedback from the businesses in the room was positive. It is clear from the discussions that more clarity is needed from the Government in relation to Brexit before businesses can make any major investment decisions. I am looking forward to seeing the next QESresults as to whether the wider business community has similar thoughts.”
The Quarterly Economic Survey results for Quarter 3are due to be published week commencing 10 October 2016.
