Confidence among East Midlands businesses is in freefall, according to new research, as the cost of doing business continues to head upwards.
With inflation at a 40 year high of 9.1 per cent and the economy running on empty towards likely recession, the latest East Midlands Chamber business leader survey suggests no signs of let-up.
The Quarterly Economic Survey found less than one in 10 companies expected a rise in profits this year, down from a third at the start of 2022.
