UK business confidence improved to its highest level since September 2023, according to the latest Institute of Directors (IoD) syrvey
The IoD’s confidence index rose from -58 in March to -51 in April.
Hiring expectations turned positive for the first time since September, while investment intentions also picked up.
Chief economist Anna Leach said concerns remain over US trade policy uncertainty and cost pressures from the prior UK budget.
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The survey was conducted among 648 UK business leaders between April 11–29, after the tariff pause was announced.
The results contrast with earlier April surveys showing weakening sentiment among businesses and consumers.
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