The Institute of Directors’ economic confidence index, which measures business leaders’ optimism about the prospects for the UK economy in the next 12 months, dropped to -38 in September, down from -12 a month prior.
A similarly sharp decline came from business investment intentions, with a three-month consecutive drop from +24 in July to +10 in August and then -6 in September.
The figure recorded last month was the lowest since September 2020 and the sharpest decline since the outset of the Covid-19 pandemic.
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Meanwhile, business lead…
Business confidence in UK economy plunges to lowest level since December 2022
