Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Business
Alex Daniel

UK business confidence sinks to lowest level in years after tariff chaos

Prime Minister Keir Starmer (L) gestures as he speaks to workers, with the Chancellor of the Exchequer Rachel Reeves, during a visit to a Jaguar Land Rover car factory on April 7, 2025 in Birmingham - (Getty Images)

British business confidence has plummeted to its lowest point since late 2022, mirroring the economic turmoil seen during the energy crisis and Liz Truss's short-lived premiership.

A new survey reveals a widespread sense of "despondency" among business leaders, grappling with the double blow of rising taxes and the looming threat of US trade tariffs.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.