Business confidence in the East Midlands dropped again in March, due to concerns over issues such as the impact of the war in Ukraine and inflation.
The latest business barometer from Lloyds Bank Commercial Banking suggests business leaders are feeling more worried than in recent months, though there was still some optimism that things would continue to pick up for the general economy as the pandemic eased.
The Office for Budget Responsibility has warned that inflation, which is expected to hit a 40-year high later this year, will lead to the biggest fall in living standards in any single year since records began in the mid-1950s.
