Business confidence in the UK has reached its highest level since autumn 2024, driven primarily by the delay in full implementation of tariffs by President Trump. Surveyed business leaders report increased hiring and investment plans. Despite rising costs from the recent national insurance hike and minimum wage increase, expectations around these costs are beginning to stabilize. The IoDâs confidence index improved significantly, suggesting that US trade policy uncertainty has had a more profound effect on sentiment than the domestic tax hikes. Frustration with the governmentâs support measures remains a concern for many businesses.
Business confidence in the UK has shown a marked improvement, influenced by the delay in the implementation of President Trump's reciprocal tariff regime, raising optimism among business leaders.
The IoD's economic confidence index saw a rise from -58 in March to -51 in April, illustrating the highest level of confidence since last autumn's budget, mainly due to improved sentiment regarding US trade policy.
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