Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |Concerns over costs mount for business leaders

Latest news

Browse by category
Business News

Concerns over costs mount for business leaders

March 11 2025

The Institute of Directors' (IoD) Economic Confidence Index has revealed that optimism amongst business leaders fell to -64 in February from -59 in January.

According to the IoD, UK economic conditions remained the most significant concern for firms: 73% of business leaders polled said that they felt economic conditions were having a negative impact on their organisation.

83% of survey respondents expect their employer National Insurance bills to increase.

Anna Leach, Chief Economist at the IoD, said: 'Amidst downgrades to UK growth forecasts, businesses remain concerned about the health of the UK economy, as well as tax and regulatory burdens.

'Our engagement with business leaders reveals that they're increasingly worried about inflation, the cost of energy and the repercussions of policy decisions in the States.

'As businesses adjust to an evolving cocktail of costs and risks, around half are expecting to reduce employment in response to rising costs, with price increases also being considered. Meanwhile, investment intentions have dipped further as businesses expect tax increases to hit their bottom line more than previously.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.