UK Business Confidence Index hits the lowest in 5 years: Finance Trading Times

UK Business Confidence Index hits the lowest in 5 years

Apart from US, where the consumer and business confidence is at its rock bottom, it’s now the turn of UK to declare the bad news. The business confidence in UK has been downgraded or fallen to its worst level in last 5 years, according to a new study from the Institute of Chartered Accountants in England and Wales (ICAEW).

Not that this is the first time when the business confidence has shattered, what is more worrying to the analyst is the pace at which the business confidence has come down significantly. It has been observed since the beginning of the new year, that there is a widespread fear of a US recession, which can as well led to a complete massacre of the world economy leading it to a global recession, as the world is still highly dependent on the US consumers for dumping its productions and exports. Another aspect of this study is to do with the slowdown in the housing or real estate markets as well as the global credit crunch crisis.
The ICAEW's index which measures the business confidence is now at -7.2 (negative), which has deteriorated further from -3.9 at the end of previous year, and from a high point of 11.5 (positive) just a year ago. The numbers are based upon surveys of chartered accountants that advise businesses around the country. No doubt, we are looking forward to a very tough year ahead in 2008. Table of Contents
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

1 Comment: Post your Comments

Anonymous said...(on 30 March 2008 at 21:39 )  

i planed to go England next week but it seem to drop because of this UK visa i really feel bad with this Extension of my visa

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the author of this site. The content should NOT to be reproduced on any other website or through other medium, without the author's permission. Contact: contactus(AT)

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer