UK business confidence rises

The pessimism surrounding the British economy started to disappear, despite the signs that economic activity was decreasing.

Confidence in the economy of the UK business world reached the highest level in 6 months.

Confidence indicators are sending conflicting messages about the state of the economy, despite forecasters’ warnings that the UK economy is on track to enter recession in the first half of 2023.

Confidence rose by 5 percentage points to 22 percent, according to the monthly business barometer by Lloyds Banking Group.

The expectations of companies that their own prices will slow down from the record levels seen in December came to the fore.