Labour costs a pressure for businesses, finds survey

FIRMS remain “bruised” with no improvement in business sentiment, research suggests.

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The British Chambers of Commerce (BCC) said a survey of 4,600 businesses across the UK found confidence and investment levels remain at those seen in 2022.

Published ahead of next month's Budget, the study found just under half of respondents are expecting increased turnover in the next year, while one in five expects a decrease. One in four said they have scaled back investment plans, rising to more than a third of hospitality firms.