BusinessEconomy

Budget drives ‘dramatic’ drop in business confidence, ICAEW finds

Businesses reported that their input costs slowed to 3.7%, down from 4.2% in the previous quarter and the lowest since Q4 2021

Confidence across all UK business sectors has plunged to 0.2 for Q4 2024 as concerns over last year’s Budget tax measures weigh “heavily” on the economy, according to ICAEW analysis.

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