The first Institute of Directors’ Confidence Index has dropped for this year. No sign of any corners being turned…
Business leaders were surveyed on their views in December. Their optimism for the economy moved up from -73 pre-Budget to -66. Confidence in their own companies only rose by one point…
Every other metric got worse or stayed the same as pre-Budget:
- Headcount expectations dropped to -14 in December from -8 in November
- Investment intentions dropped to -21 from -17
- Cost expectations fell marginally to +84 from +86
- Export expectations were little changed at +5 from +6
- Revenue expectations were little changed at +8 from +7
This time last year the Starmer line was: “Growth is the number one priority of this government.” Is this growth in the room with us right now?
