UK business confidence has dropped to 35% in December, biggest plunge in more than a year, ...Middle East

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UK business confidence has dropped to 35% in December, biggest plunge in more than a year,
The UK Lloyds Bank Business Barometer is an indicator of business confidence. it fell in December to 35% from 42% in November. biggest monthly decline since August 2022November was 42%, a 21-month high. The survey's long-run average is 28%.Lloyds Bank comment:economic outlook "remains tough""Businesses are also balancing cost pressures with a challenging labour market that will see increases to minimum wage in April 2024 ... at a time when they are managing staff retention and recruitment decisions," This article was written by Eamonn Sheridan at www.forexlive.com.

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