A recent survey by the Institute of Directors reveals a troubling outlook among British business leaders, with 89% expecting rising costs driven by tax increases, energy bills, and wage demands. This results in heightened pessimism, reflecting past pandemic challenges, as 64% express concerns about economic conditions. Many businesses plan to reduce headcounts and increase prices to manage expenses. Economic experts highlight inflation trends and caution against premature interest rate cuts, emphasizing the need for careful policymaking amidst these pressures.
A record number of British business leaders brace for unprecedented cost pressures, with 89% expecting rising costs due to tax hikes and energy bills.
The pessimism among UK business leaders is striking, with a net balance of 64% expressing a gloomy outlook, mirroring sentiments from the pandemic.
Collection
[
|
...
]