UK business confidence rises

According to the monthly business barometer prepared by Lloyds Banking Group, confidence increased by 5 points to 22 percent. The data was recorded as the highest level in 6 months. The pessimism surrounding the UK economy is beginning to lift despite signs that economic activity is slowing. The UK business community’s confidence in the economy has risen to the highest level in 6 months. Despite forecasters’ warnings that the UK economy is on track to enter recession in the first half of 2023, confidence indicators are sending conflicting messages about the state of the economy. According to the monthly business barometer prepared by Lloyds Banking Group, confidence increased by 5 points to 22 percent. Expectations that companies’ own prices will slow from the record levels seen in December have come to the fore.