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UK business confidence falls to lowest level in over two years, survey shows
Accountants’ institute says first quarter of 2025 was ‘harrowing’ for companies amid tax rises and US tariffs
UK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump’s escalating trade war, according to a survey.
Highlighting the risks to the economy, the Institute of Chartered Accountants in England and Wales (ICAEW) said the first quarter of the year had been “harrowing” for companies across Britain.