The day before the Spring Statement – for which the Treasury has undergone extreme efforts to keep as quiet as possible so far – the readout from business leaders has turned sour. Who could have predicted that…
The Institute of Directors measures business leader optimism every month. Its rating decreased to -63 in February compared to -48 in January. Confirming the death of a brief uptick in confidence over Christmas…
Predictions for increased costs rose to +84 from +81. The most important factors behind the poorer scores were ‘UK economic conditions’ (77%), ’employment taxes’ (63%), and ‘business taxes’ (54%). Worries about all of these are up…
Andrew Griffith. Shadow Business Secretary, said: “This government of leftists and lawyers has no experience of business or how to grow our economy. Falling business confidence means jobs are cut, high streets hollowed out and families have less money at the end of the month.” Oil price volatility could deal an additional blow to Reeves’ ‘fiscal rule’ management with inflationary waves…
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