UK business confidence tumbles to one-year low over inflation fears – Times

“Business confidence fell to its lowest level in more than year last month amid growing fears that inflation poses a long-term threat to company sales,” said the UK Times in its latest news during early Tuesday morning in Asia.

“Confidence among companies is now at levels last seen in April 2021, when coronavirus restrictions were beginning to relax, according to the index by BDO, the accounting and business advisory firm,” the news adds.

It’s worth noting that the sentiment gauge takes a weighted average of the UK’s main business surveys, covering responses from about 4,000 companies, per the UK Times.

More to come