UK business confidence has dropped to its lowest level in over two years, as indicated by a survey from the Institute of Chartered Accountants in England and Wales (ICAEW), which described the first quarter of 2025 as “harrowing” for companies. This decline is attributed to increasing concerns over tax rises and the intensifying trade war initiated by Donald Trump. The ICAEW’s findings highlight significant risks to the economy, reflecting the challenging environment for businesses across Britain.
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