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UK Business Confidence Reaches Highest Level in Four Years, Recent Poll Says | United Kingdom | New UK News

Business confidence in the UK has not reached these levels since April 2017. The Lloyds Bank Business Barometer found that the largest increase in confidence was seen by employers in the North West and the United Kingdom. east of England.

The survey found that overall UK business confidence rose six points to + 36% in August.

The increase can be understood by optimism for stronger growth in the coming year.

The survey found a seven point increase in the proportion of companies planning higher business activity in the coming year to 48%.

The largest monthly increase in trust occurred in the service sector, reaching 36%.

However, inflation remains a concern.

Gareth Oakley, general manager of corporate banking at Lloyds, said: “It is clear that there is still some level of uncertainty about inflation and the impact of pricing pressures.

“The final months of the year will be decisive for the future of UK economic growth.”

The survey is conducted monthly, with the most recent taking place between August 2 and August 16.

Of all the G7 countries, the UK was hit the hardest in 2020, with production down 9.8%.

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This notice was published: 2021-08-31 06:32:27

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