UK Business Optimism at Six-Month High Despite Recession Risk
- Sentiment improves on cooling inflation hopes, Lloyds says
- CBI survey shows fall in private-sector activity over winter
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The gloom shrouding the UK economy is beginning to lift, despite more signs that activity declined at the start of 2023, surveys Monday showed.
Growing hopes of a brighter economic outlook and cooling price pressures boosted business confidence to a six-month high in January, according Lloyds Banking Group Plc’s monthly business barometer.