Wednesday, November 6, 2024

Business Confidence Plummets To Lowest Level in 2 Years Ahead of Budget

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Business Confidence Plummets To Lowest Level in 2 Years Ahead of Budget





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Latest figures from the the Institute of Directors have optimism in the economic outlook falling  to its lowest level since 2022. The index took a dive to -38 in September, down from -12 in August…

Confidence in firms’ prospects has also dipped while investment intentions have droppped to their lowest point since September 2020. Directors cite “concerns over likely tax increases, the cost of workers’ rights, international competitiveness,” and “broader cost pressures” in their latest dour assessment of times to come. Reeves’ budget summarised…

Meanwhile the Tories’ £3,500 business day at Conference has received poor reviews with little interest from firms and tickets getting a two-thirds discount at the last minute to egg on interest. At least they didn’t ask for their money back this time…

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