Still huge amount of uncertainty in economy - latest column from chair of Coventry and Warwickshire Chamber of Commerce’s Rugby branch

Karen Shuter.
Karen Shuter.

Here’s the latest column from Karen Shuter, chair of the Coventry and Warwickshire Chamber of Commerce’s Rugby branch.

There is a real sense in business of everyone being back at it. As the summer comes to an end and new school term begins, there is no doubting that business gets busier, the phone rings more and the email inbox fills up quicker. And, of course, when you run a business you would much rather it be that way!

There is still a huge amount of uncertainty in the economy and, as I write this column, the Coventry and Warwickshire Chamber of Commerce has issued an urgent warning to businesses across the region to prepare for Brexit now.

At the last count, 50 per cent of firms across our region still hadn’t done any kind of risk assessment around Brexit and, with just over a month to go, companies need to know the potential issues they may face.

The uncertainty is not doing business any favours – most of us agree that we want to avoid a messy, disorderly Brexit and, right up to the 11th hour, we still have no clarity on what is going to happen.

We really don’t know at this stage what the outcome will be as we reach November 1, but we can at least do all we can to be as ready as possible.

I mentioned in my last column about the launch of Chamber Talent to help nurture the next generation of business stars for our region and that has already had positive feedback from companies on our patch.

But, as we all know, there remain broader issues around skills and what businesses need. This is an issue where the Chamber is working with partners across our area to look at ways of addressing it.

Our annual conference on November 15 will take place once Brexit has happened (if the prime minister gets his wish of leaving on October 31) and it will be an opportunity to look at the ways in which we all operate in a post-Brexit world.

To book visit www.cw-chamber.co.uk/events. To take the free Brexit health-check go to wmca.org.uk/brexithealthcheck