UK business confidence at 44% hits a four-month low in October over tax increase concerns.
In October, UK business confidence fell to a four-month low of 44%, as reported by Lloyds Bank, amid concerns over potential tax increases in the upcoming government budget. Despite this decline, firms remain more optimistic about their individual prospects than the overall economy. The survey, conducted from October 1 to 15 with 1,200 companies, also indicated increased hiring intentions, suggesting a desire for workforce expansion despite broader economic worries.
October 28, 2024
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