Business confidence hits two year low
UK business confidence has reached its lowest point in nearly two years, according to the latest Business Trends Report by BDO. The BDO optimism index fell by 5.81 points to 93.49 in November, marking the steepest month-on-month decline since 2021. Firms are grappling with rising costs, reduced customer confidence, and falling orders, leading to a potential economic contraction.
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