Optimism in UK Economy Sinks to Lowest Level Since Truss Fallout
- Company bosses worried about tax hikes and workers’ rights
- Labour can rebuild morale in October budget, says IoD
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Business chiefs are the most pessimistic they have been about Britain’s economy since late 2022, when the country was still reeling from the effects of Liz Truss’s short spell as prime minister.
The Institute of Directors said Tuesday that the fear of looming tax hikes and workplace regulations, expected to be brought in by the UK’s new Labour government, had contributed to the drop in its monthly economic confidence index.