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Regional insights

The view from the Wales mid-market

Every two months, we ask business leaders across the country to share their expectations and priorities for the future. We want to track how sentiment is changing in the market and get insight on timely issues: from tax to ESG.

Read the latest views from business leaders in Wales.

What’s changed since August 2021?

  • Business revenue optimism reduces by 23%, compared to 12% nationally
  • Optimism on UK economic outlook falls by 19%, compared to 9% nationally
  • 37% cite supply chain disruption as the top threat to their business growth, compared to 26% nationally

120x120-jonathan-riley.pngJonathan Riley, Practice Leader, South West and Wales

“In a just-in-time economy, any issues with the supply chain can obviously cascade quickly. This winter is likely to test once against the resilience of business plans and contingency measures.

“Our latest survey finds mid-market businesses in Wales are particularly concerned about the impact of the supply chain crisis on the growth of their business, with 37% citing this as a top threat compared to 26% nationally. This has also had an impact on overall business optimism."

What do you perceive to be your biggest threat to growth in 2022?

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“For the here and now, there are bound to be questions about whether the measure to ease the supply chain crisis, particularly around road distribution, go far enough. Extending the HGV levy for a further year until 2023, while freezing Vehicle Excise Duty for heavy goods vehicles does not sound like a game changer.”

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