Confidence among businesses slumps to 12-month low


Confidence among businesses slumps to 12-month low, according to Accenture and IHS Markit


Confidence among businesses has slumped to a 12-month low, according to Accenture and IHS Markit.

Inflation worries and fears that it could get harder to hire skilled staff are weighing on bosses. 

Best foot forward: Inflation worries and fears that it could get harder to hire skilled staff are weighing on bosses

But the UK is still ahead of France and Germany – with only Irish companies saying they are more confident than those in Britain. Less than half – 45 per cent – of UK firms expect an increase in trade in the year ahead. 

This is down from a high of 58 per cent in June, when unwinding lockdowns led to a surge in business. 

Almost 60 per cent of companies are planning to raise their prices, the researchers said. 

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