Business confidence slides to almost two-year low after Budget

Confidence among UK businesses has slid to its weakest level for almost two years, according to new figures.

The BDO optimism index fell 5.81 points to 93.49 in November – the weakest reading since January 2023. Firms also said that their output declined in November in the face of weak consumer confidence, indicating a potential contraction in the economy.In October, the report’s employment index showed growth for the first time in 15 months but swung lower again in November in the face of “ongoing challenges” in the labour market.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Business Confidence Hits Record Lows Following Labour's Tax-Hiking BudgetBusiness confidence in the UK has hit record lows, according to a survey by the Institute of Directors, with optimism about the economy plummeting to levels last seen during the start of the COVID-19 pandemic.
Source: DailyMailUK - 🏆 7. / 90 Read more »

Half of small business owners blame Chancellor's budget for scaled-back XmasSME owners and decision makers found that 10% of Christmas celebrations will be cut back this year due to the budget
Source: nottslive - 🏆 96. / 52 Read more »