Directors’ economic confidence rises
Business leader confidence hits its highest level since March 2022.
IMF forecasts UK economy will shrink in 2023
Britain is expected to be the only G7 country in recession this year.
Small business tax debt is growing
Non-payment has increased since the Covid-19 pandemic.
Top 20% of earners pay majority of all income tax
Over half of UK taxpayers receive more in benefits than they pay in tax.
Inflation eases slightly to 10.5%
Transport costs fall but energy and food prices remain high.