LONDON: Confidence levels among British employers have fallen sharply because of the rise in inflation and the war in Ukraine, according to a survey which also showed more firms expected to increase their prices and staff pay.
The monthly survey by Lloyds Bank published yesterday showed business confidence fell by 11 points to 33% this month, the biggest month-on-month drop since the start of the Covid-19 pandemic and returning to levels last seen in August 2021.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!