Welsh firms look to invest despite cost pressures

BUSINESSES in Wales have identified opportunities for growth and increased investment, but persistent concerns about taxation, labour costs and inflation remain, according to new research from Chambers Wales.

- 

Its latest quarterly economic survey for the third quarter of this year shows just over half (51%) of businesses in Wales see new markets as an opportunity to recover and grow in the next three months.

Moreover, 42% of businesses surveyed say that they currently trade with countries inside and outside of the EU.

‘There is some wariness about trading with the USA, with 39% reporting that tariffs have or will have a negative impact on their business, but there is more optimism regarding improved trade with the European Union, with 45% stating that reduced trade friction with the EU would have a positive impact.