Fewer than 10% of South West firms have confidence in the UK economy, according to a new survey. Confidence in the nation’s economic prospects among businesses operating in the region has hit an “unprecedented low”, amid rocketing energy costs and inflationary pressures.
The survey of 400 companies was conducted by Bristol-based chamber Business West before the government’s “mini-Budget” in September.
While an Energy Bill Relief Scheme capping prices for firms between October and March has been announced, there was subsequent market turbulence after Chancellor Kwasi Kwarteng unveiled plans for the UK’s biggest tax cuts in half a century.
