The Tories were handed a boost last night after data showed business confidence hit an eight-year high this month as bosses believe the economy has turned a corner. Figures from the Lloyds Bank business barometer – a closely-watched survey of confidence – show signs of economic green shoots. It comes as Prime Minister Rishi Sunak and Chancellor Jeremy Hunt hope to convince the public they can steer the economy to brighter days. Confidence rose eight points – to 50 per cent – a level last surpassed in November 2015. Household costs rose 4.4- per cent, a slower rate compared to the annual rate of 5.3 per cent in January 2024.

Source: Daily Mail May 31, 2024 15:32 UTC