Optimism about the UK economy has hit rock bottom, reaching levels last seen during the start of the COVID pandemic. This plummet in business confidence follows the announcement of a tax-hiking budget by Labour and a series of pessimistic forecasts about the nation's finances. A survey by the Institute of Directors (IOD) revealed that business confidence in November was at its lowest level since April 2020, just weeks after the first lockdown was announced.
With more than 600 top bosses responding, the survey attributed their pessimism mainly to the Chancellor's recent tax hikes. The IOD warns that the UK economy is at risk of stalling, as businesses are planning to cut back on investment. Shadow business secretary Andrew Griffith criticized the government’s handling, stating that the survey shows a catastrophic loss of business confidence. Despite criticism, Chancellor Rachel Reeves defended the budget, arguing that the Government needed to raise money to stabilize public finances and repair public services
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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.
منبع: DailyMailUK - 🏆 7. / 90 ادامه مطلب »
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منبع: DailyMailUK - 🏆 7. / 90 ادامه مطلب »
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منبع: FT - 🏆 113. / 51 ادامه مطلب »
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منبع: FT - 🏆 113. / 51 ادامه مطلب »
Webinar to guide business owners on selling their businessJerroms announce an upcoming webinar titled “Thinking about Selling Your Business but Unsure Where to Start?” This free webinar aims to provide business owners with the essential knowledge and tools needed to navigate the complex process of selling a business.
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