UK business confidence sinks to two-year low amid tax hikes and global trade tensions
UK business confidence has fallen to its lowest level in over two years, according to new data from the Institute of Chartered Accountants in England and Wales (ICAEW), as rising tax pressures and escalating global trade tensions take their toll on corporate sentiment. In its latest quarterly survey of 1,000 chartered accountants, the ICAEW reported that its Business Confidence Index dropped to -3 for the first quarter of 2025—down from 0.2 in the final quarter...