UK business confidence falls to lowest level in almost two years after Labour budget

Business confidence in the U.K. fell in November to its lowest level since January 2023, fresh data from business advisory and accountancy firm BDO showed Monday.

It comes as businesses have warned that Labour's "pro-growth" budget would push up inflation and slow hiring.Jeff J Mitchell | Getty Images News | Getty Images The fall — which was recorded across both the services and manufacturing sectors — is "likely to reflect businesses' immediate reaction to announcements in the Autumn Budget," BDO said., which included a slew of tax hikes. Chief among them was an increase to the National Insurance payroll tax paid by employers and an uptick in the National Living Wage.

The report, also released Monday, showed demand for staff fell at a "sharp and accelerated pace" last month, marking the steepest fall in vacancies since August 2020.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Forex Today: The US labour market remains in the spotlightThe Greenback traded on the defensive for the second day in a row on Wednesday amid lower yields and the absence of news in Powell’s remarks at an event hosted by the New York Times.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »