Directors' confidence 'stuck in a rut', IoD finds

04 Dec 2023

The Institute of Directors (IoD) has found that confidence amongst directors in the UK is 'stuck in a rut'.

The IoD's Economic Confidence Index, which measures business leader optimism in relation to the UK economy, rose slightly last month from a negative reading of -25 in October to -21 in November.

It also found that business leaders are 'more optimistic about prospects for their own organisations than they are for the economy as a whole'. Skills shortages and economic conditions remain the top two concerns for business leaders, with energy costs and business taxes also presenting significant challenges.

Roger Barker, Director of Policy at the IoD, commented: 'Business leaders' confidence in the UK economic prospects remains firmly in pessimistic territory, even if they are somewhat more optimistic about the prospects for their own organisations.

;Although the Autumn Statement offered succour to business in the form of permanent full expensing, business leaders are still searching for reasons to jumpstart their confidence for next year.' 

Register for our Monthly Newsletter -

Why not register to receive our Monthly Newswire?

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign up today »

Tel: 01749 685000


Chalmers HB
20 Chamberlain Street

Contact us | Credits | Accessibility | Disclaimer | Help | Site map |

© 2024 Chalmers HB. All rights reserved.
We use cookies on this website, you can find more information about cookies here.

Chalmers HB Limited, Registered in England, Registered number 4233537, Registered Office: 20 Chamberlain Street Wells Somerset BA5 2PF. Chalmers HB Audit Limited, Registered in England, Registered number 9739736, Registered Office: 20 Chamberlain Street, Wells, Somerset BA5 2PF.