Economic Confidence Is Low for UK Business Leaders

In City AM , BCG’s Raoul Ruparel evaluates business leaders’ sentiment regarding the United Kingdom’s economy ahead of upcoming tax increases. A BCG survey reveals that 57% of UK business leaders believe a recession is likely in the next 12 months, citing concerns around increased national insurance contributions and rising inflation. Ruparel suggests, “The task now is for the government to embrace alternative ways to reduce the burden on business, including reducing the regulatory burden, providing maximum certainty on policy direction, and taking action to bear down on energy costs.”