Disaster for Rachel Reeves as Confidence in Economy Hits 'Rock Bottom'

Disaster for Rachel Reeves as confidence in economy hits 'rock bottom'

Business bosses have a miserable outlook ahead of the Chancellor's looming Budget address later this month.

Business confidence at ‘rock bottom’ as tax rumours spook firms

Business confidence remained at “rock bottom” in October as Budget rumours test executives’ nerves amid fears of rising costs and a collapse in growth, a top industry group’s survey has indicated.  Rachel Reeves has publicly said that tax hikes are under consideration at this year’s Budget while rumours have suggested big businesses could be hit from new rules on capital gains tax, higher levies and hits to consumers’ disposable income.  The Ins…