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New blow for embattled Keir Starmer as business confidence crashes to new low

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Rachel Reeves' Budget has been blamed for threatening to choke off economic growth and investment by business leaders.
The article from Express.co.uk discusses a significant drop in business confidence in the UK economy, as reported by the Institute of Directors (IoD). According to the IoD's latest economic confidence index, business optimism has plummeted to its lowest level since the financial crisis in 2009, excluding the period during the global health crisis. This decline is attributed to ongoing economic challenges including high inflation, rising interest rates, and concerns over a potential recession. The survey highlighted that only 25 percent of directors now expect the economy to grow over the next year, a sharp decrease from previous sentiments. Additionally, the article notes that businesses are facing increased costs, supply chain disruptions, and a challenging labor market, all contributing to the bleak outlook. Roger Barker, Director of Policy at the IoD, emphasized the need for government intervention to restore confidence through measures that would stabilize the economy and encourage investment.

Read the Full Daily Express Article at:
[ https://www.express.co.uk/news/politics/1983064/business-confidence-in-uk-economy-crashes ]