“The Prime Minister’s resignation means we now face even greater uncertainty, just as the country stands on the cusp of a recession. 

“It is now vital the Conservative Party speedily comes to a decision on a new leader who can return both political and economic stability. 

“The new administration must immediately set out how they plan to deal with soaring energy bills, labour shortages, spiralling inflation and interest rates. 

“Flip-flopping on policies has led to low consumer and business confidence, with four in 10 firms expecting falling profits, as companies have seen little sign of a coherent strategy nor stability in Government decision making.”

Mr Sheehan said the challenges facing the Shropshire business community were growing by the day, with inflation emerging in this week’s quarterly economic survey results as the top concern.

“Interest rates continue to climb, energy bills will now rocket again for many in April, and the Government must work with business to address three main issues as a matter of absolute urgency.

“This current situation is simply unsustainable. We need a clear, long-term vision which we can trust, and believe.”