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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Business confidence in Wales lowest in UK as firms face cost of business crisis

Business confidence in Wales is the lowest in the UK as companies face a cost of doing business crisis.

According to a quarterly survey of chartered accountants, Welsh businesses are the least confident in their prospects for the coming year.

The ICAEW’s business confidence monitor (BCM) for Wales for Q3 2022, found that sentiment had plunged into negative territory as companies faced challenges from input price inflation, staffing levels and skills shortages.

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