© Reuters. FTSE 100 Live: Stocks flat while business confidence hits two-year high
Proactive Investors –
- down 2 points at 7,664
- House prices rise 0.7% in January
- after London close
UK business confidence at two-year high, Lloyds
UK businesses started 2024 with their confidence at the highest level in nearly two years boosted by cooling inflation and hopes for interest rates cuts, according to a survey published on Wednesday.
The Lloyds Bank Business Barometer jumped by nine points to 44% this month, its strongest since February 2022.
Hann-Ju Ho, senior economist Lloyds Bank Commercial Banking (LON:), said weaker inflation and hopes of interest rate cuts pushed the index to its highest level for the month of January since 2016.
“With ongoing geopolitical issues and a general election on the horizon, businesses will have factored these into their risk radars and will be working to prepare for any potential impacts on their…
