NEWS
BUSINESS CONFIDENCE 'HAS FALLEN DRAMATICALLY' |
22/08/11
Business confidence in the UK has hit rock bottom, according to a new industry report.
The latest UK Business Confidence Monitor, produced by the Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton, does not create an optimistic picture of UK businesses and indicates that many do not believe the government will help by cutting down regulatory burdens.
According to the report, its confidence indicator fell from +13.7 to +8.1 in the third quarter of this year, the lowest level since the UK was still in recession.
People in tax jobs could note that the document also emphasised how Europe accounts for half of the UK's trade, meaning their "economic fortunes are clearly inter-linked".
"Businesses are doing their best to grow the economy in a tough climate, but they feel little progress has been made on tackling regulation and improving tax competitiveness," said ICAEW chief executive Michael Izza.
The ICAEW supports over 136,000 chartered accountants across the world.
Search for tax jobs with Integral, the experts in tax recruitment
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The latest UK Business Confidence Monitor, produced by the Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton, does not create an optimistic picture of UK businesses and indicates that many do not believe the government will help by cutting down regulatory burdens.
According to the report, its confidence indicator fell from +13.7 to +8.1 in the third quarter of this year, the lowest level since the UK was still in recession.
People in tax jobs could note that the document also emphasised how Europe accounts for half of the UK's trade, meaning their "economic fortunes are clearly inter-linked".
"Businesses are doing their best to grow the economy in a tough climate, but they feel little progress has been made on tackling regulation and improving tax competitiveness," said ICAEW chief executive Michael Izza.
The ICAEW supports over 136,000 chartered accountants across the world.
Search for tax jobs with Integral, the experts in tax recruitment
