In a recent survey, business confidence has plummeted, hitting its lowest level since the fallout from Liz Truss's mini-Budget, indicating a serious economic downturn.
The British Chambers of Commerce revealed troubling statistics where only 20 percent of businesses reported increased investments, underscoring a dismal trend in economic activity.
According to the quarterly economic survey, concerns about rising taxes have reached an all-time high, with 63 percent of firms expressing significant worry after the autumn budget.
A stark drop has been observed in the percentage of companies expecting turnover growth, with only 49 percent optimistic for the next year, down from 56 percent.
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