As the final quarter of the year approaches, the economic outlook remains fragile with declining business confidence and ongoing fears of a double-dip recession.
ICAEW and Grant Thornton’s latest Business Confidence Monitor (BCM) shows a steep decline in confidence as economic turmoil impacts on businesses’ plans for the future.
In the third quarter the BCM confidence index fell from +13.7 to +8.1 and is now at its lowest level since Q3 2009 when the country was still in recession.
About Robert Lovell
Business and finance journalist