Story perspectives
UK Business Confidence Plummets to Record Low Amid Tax Concerns
10/1/2025
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Story summary
- UK business confidence fell to a record -74 in September, Institute of Directors (IoD) reports.
- The prior low was -72 in July amid trade tensions.
- Shadow Chancellor Mel Stride says Labour tax increases erode confidence.
- Anna Leach of the IoD warns higher taxes dampen investment and growth.
- Economists expect inflation to stay high, potentially shaping the Chancellor's budget plans.
