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The IoD's Directors' Economic Confidence Index has fallen to an unprecedented low of -72, surpassing the previous record low seen during the initial phase of the COVID-19 pandemic.
This reflects a deep-seated pessimism among business leaders regarding the UK's economic prospects.
The survey highlights that companies are struggling with rising costs, particularly from changes to the national minimum wage and National Insurance, while also facing a downturn in consumer spending.
Business leaders' top priorities for government action include addressing taxation, the cost of employment, and the regulatory burden, indicating a desire for a more supportive business environment.




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