‘State of despondency’ as tax raid sets up ‘harrowing year’ for firms Economics Business leaders’ worries over Chancellor Rachel Reeves’ tax hikes have plunged corporate confidence into “ominous territory”, a leading business association has warned. The Chancellor launched a multi-billion pound tax raid on British businesses in the Budget last October, and a new report has suggested that the impact of the hikes is continuing to weigh on [...]
Business confidence plunges to lowest level since Liz Truss’s mini-budget Politics Rachel Reeves’s tax hikes have pushed business confidence to its lowest level since the wake of Liz Truss’s calamitous mini-Budget, as firms fret over a surge in costs and slowdown in the domestic economy, a closely watched survey has suggested. Concerns over a looming tax bill and a slump in sales caused business confidence to [...]
Businesses ‘cautious’ about the future as tax fears dominate, survey shows Business This was the first time in a year that business confidence had decreased, although the ICAEW noted that confidence was still double the pre-pandemic average.
Business confidence rises to highest level in two years but concerns over costs remain July 10, 2024 "These figures suggest that businesses shrugged off any distraction caused by the general election, as lower inflation and stronger expected sales growth drove an encouraging uptick in confidence in the second quarter," Suren Thiru, ICAEW economics director, said.
Business confidence surges but recovery remains ‘brittle’, survey suggests April 24, 2024 The UK economy has recorded growth in both January and February, making it overwhelmingly likely that last year's shallow recession is already over.