Survey: UK business confidence lowest in 20 years


by Newswire    
8:10 am - September 10th 2012

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Optimism among UK businesses slumped to a 20-year low last month, according to a survey by accountancy group BDO.

BDO’s Optimism Index, which measures business performance expectations two quarters ahead, fell to 89.1 in August from 93.1 in July, the sixth consecutive month showing a drop, BDO said in a statement.

Figures above 95 indicate a return to growth.

Meanwhile, BDO’s Output Index, which measures short-term turnover expectations, fell to 90.8 in August, its lowest level in 40 months, from 93.9 in July.

… more at Reuters

Nice one Osborne!

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Reader comments


1. Sally

So who’s he going to blame now then? We’ve had Labour, The Royal wedding, the Olympics, The Euro, The Greeks, The Europeans, The world.

Who’s next, Sooty? Bill & Ben the flower pot men?

2. Cylux

@1 You forgot winter, they blamed winter too.

3. man on clapham omnibus

Its ironic that probably those businesses which have lost confidence are some of the same ones which backed the Tories deflationary policies in the first place.


Reactions: Twitter, blogs
  1. sunny hundal

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  2. Jason Brickley

    Survey: UK business confidence lowest in 20 years http://t.co/1HpLtjWd

  3. Threadbare Panda

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  4. Innerwisdom

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  5. Avid Reader

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  6. Andrew Jones

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  7. Paul Trembath

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  8. leftlinks

    Liberal Conspiracy – Survey: UK business confidence lowest in 20 years http://t.co/5uYxxQwi

  9. Jonathan Sadler

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  10. rmgClarity

    Survey: UK business confidence lowest in 20 years | Liberal … http://t.co/bEI2onZc

  11. Owen Blacker

    New survey finds business confidence is the lowest in the UK for 20 years http://t.co/8vFf3EbC Thanks Osborne!

  12. suerose

    Survey: UK business confidence lowest in 20 years | Liberal Conspiracy http://t.co/X78YTcWD via @libcon





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