UK Business Confidence Dips to 2024 Low Amid Strong Pay Growth

Reported 3 days ago

In December, UK business confidence dropped to its lowest point of 2024, as reflected in the Lloyds Bank Business Barometer, despite a rise in optimistic expectations regarding the broader economy. The survey indicated a 2-point decline in confidence to 39%, while hiring and pay saw significant pre-Christmas increases, with average salaries up by 6.5% year-on-year. Economists warn that upcoming economic challenges may soon affect the hiring landscape, countering current competitive trends.

Source: YAHOO

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