{
Confederation of British Industry

Companies

}

British retailers face lowest optimism in two years amid economic concerns

British retailers' optimism has plummeted to a two-year low, according to the Confederation of British Industry. This decline marks the weakest sentiment since households faced soaring energy prices and financial instability following former prime minister Liz Truss' fiscal plans.
reuters.com
British Pound Sterling Confederation of British Industry GBR Liz Truss
Finance & Economy, News Article
12:02 26.11.2024

UK government risks losing business trust after budget changes, warns CBI chair

The UK government risks losing the trust of corporate leaders due to the unexpected rise in employment costs introduced in last month’s budget, warns Rupert Soames, chair of the Confederation of British Industry. He cautioned that businesses could turn against the Labour government within the next six to twelve months, emphasizing the difficulty of reversing this sentiment once established.
Bloomberg.com
British Pound Sterling Confederation of British Industry GBR Rupert Soames
Finance & Economy, News Article
17:52 25.11.2024
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