News Snapshot:
Business confidence fell last month amid jitters over the slowing UK economy dampening company plans to hire more staff, according to a survey of more than 4,000 firms. Optimism has declined, with higher interest rates and weak global demand contributing to gloom across the services and manufacturing sectors. The latest Business Trends report from accounting firm BDO showed that employers’ hiring intentions have dropped for the first time in six months. It also showed manufacturing output fell to its lowest point since the early days of the UK Covid-19 lockdown, in May 2020, with continuing supply difficulties taking a toll....
