Red Tape and Wage Rise Gives Firms the Jitters

Summary

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The state of the economy appears to be giving many Westcountry businesses a case of the jitters. The Business Barometer shows that in the last six months the number of firms questioned who said they were confident of increasing trade has fallen by more than 20 per cent.

The number who said they planned to expand their workforce has dropped by more than 10 per cent to just 24 per cent. Almost 20 per cent of firms said they were likely to lay staff off within the next three months.

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Red Tape and Wage Rise Gives Firms the Jitters

When the last barometer survey was taken in May, 75 per cent of companies said conditions would be good in the next 12 months. That number has fallen by 2 per cent this time, the second six-month period in which it has ...

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