UK business confidence fell to a 2024 low in December, though pay grew by 6.5% year-over-year.

UK business confidence hit a 2024 low in December, dropping to 39% according to Lloyds Bank, despite remaining above the long-term average of 29%. While firms show less optimism about their trading prospects, there's a slight increase in optimism for the wider economy. Despite the economic slowdown, pay growth remains robust, with average salaries increasing by 6.5% year-over-year.

December 23, 2024
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