Business leaders urged to share comment on economy

Business leaders have been urged to share their views on the challenges facing firms across Guernsey.

The Institute of Directors (IoD) has launched its fourth business economy survey and will share the responses with the States.

The IoD said the questions would focus on business confidence, the issues facing organisations and potential solutions to the island’s fiscal deficit.

The survey open to the institute’s members is due to close on Monday 17 November.

The findings of the third survey, released in May, showed a rise in confidence in the economy, from -25% in November 2024 to -11%; while it has been -51% in the UK.

IoD economic lead Richard Hemans said it had shown “renewed optimism, particularly in finance and professional services”.

He said the uplift had been driven largely by the finance and professional services sectors, and noted confidence had fallen in the construction and retail sectors.

“As we enter the fourth round, we hope to gain a clearer picture of how businesses are adapting to persistent pressures, external change and policy uncertainty,” Mr Hemans added.

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