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The Guardian - UK
The Guardian - UK
Business
Richard Partington Senior economics correspondent

UK business confidence falls to lowest level in over two years, survey shows

United States United Kingdom Donald Trump Rachel Reeves Suren Thiru Economy ICAEW
Rachel Reeves
Concerns are growing over the impact of Rachel Reeves’s increase in employer national insurance contributions, which came into effect on 6 April. Photograph: Chris Ratcliffe/EPA

UK business confidence has fallen to the lowest level for more than two years amid growing concern over tax rises and Donald Trump’s escalating trade war, according to a survey.

Highlighting the risks to the economy, the Institute of Chartered Accountants in England and Wales (ICAEW) said the first quarter of the year had been “harrowing” for companies across Britain.

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