Survey shows post-election uptick in business confidence

A poll by the Institute of Chartered Accountants in England and Wales and Grant Thornton has recorded a rebound in business confidence since the general election, but companies are reporting a worsening of skills shortages and a reluctance to make long-term investment plans. A separate survey of 408 companies by the CBI revealed a slight rise in optimism among smaller manufacturers in the second quarter, alongside steady growth in new domestic orders. However, export orders and margins have suffered from the strong pound. Export prices continued on a downward trend, falling at the fastest pace since October 2003.


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