HOPE SPRINGS ETERNAL

is to raise interest rates, which makes things difficult for the average SME.

However, psychologically I do think the word ‘recession’ being thrown out will make a significant impact on business confidence, and inflation coming down might ease pressure slightly on wage claims and cost of living for everybody.

At the Chamber, I think it’s our job to keep confidence levels high. There’s been a lot of bad press about how businesses are feeling – and I’m sure the private sector sitting with wage increases between 3% and 7% whilst public sector wage demands are between 15% and 28%, is not helping morale.

Of course, many businesses are holding off on decisions to invest, recruit, or buy new equipment until they have something concrete from the Government to give them confidence they need. The upcoming budget will be an important one – particularly where energy costs are concerned.

Don’t forget to put your young members of staff – or yourself, forward for the 30 under 30 awards!

Now in their eighth year, the awards, which are organised by Cornwall Chamber of Commerce in partnership with Coodes, Business Cornwall, Whyfield Associates, Pirate FM and Truro & Penwith College, recognise 30 of the Duchy’s most innovative young businesspeople.

To be eligible for the award, candidates must be employed, or self-employed, under the age of 30 on March 18th 2023 and living and working in The Duchy.