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Story summary
- Institute of Directors (IoD) reports UK business confidence remains critically low, with a score of -73 in October.
- Executives worry about potential tax increases in the Budget, causing many to pause investment and hiring.
- Some indicators show marginal improvements, with revenue expectations rising to +13.
- Welsh firms report a 57% confidence boost, driven by optimism about growth plans.
- Overall, businesses seek clarity on tax and regulatory measures to foster stability.
