Business confidence in the North East fell during March in line with most of the UK, according to a new survey.
The Business Barometer from Lloyds Bank Commercial Banking, which surveys about 1,200 businesses monthly, put overall confidence at 36% with cost inflation and the war in Ukraine both weighing on the sentiment of the regions firms.
Companies reported lower confidence in their own prospects month-on-month at 33%, and were also less confident about the economy at 39%.
