UK firms plan price rises as confidence falls to lowest level since Truss budget

More than half of British companies are planning price rises in the next three months, according to research that found UK business confidence has slumped to its lowest since the chaos of Liz Truss’s brief stint as prime minister. Of 4,800 businesses polled by the British Chambers of Commerce (BCC), 55% said they expected to increase prices in the next three months, up from 39% in a similar survey in the second half of last year. There was also a steep increase in concern about looming tax rises, after the government revealed a budget in October that relied heavily on

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