Business confidence has slumped to a more than two-year low as firms sound the alarm over Labour's massive tax raid.
The research by trade group the British Chambers of Commerce found business confidence has fallen since the spending statement, with 49 per cent of firms saying they expect turnover to grow in the next year. A major survey has revealed a grim assessment of the economic situation, with more than half of companies planning to raise prices by early April
'Firms of all shapes and sizes are telling us the national insurance hike is particularly damaging,' she said.
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