The May 2022 Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, slid to its lowest level since October 2020 of -45, down from -36 in April.Of those that said they were pessimistic about the prospects for the UK economy, the overwhelmingly most frequent reason given for this pessimism was the UK rate of inflation (41%), followed by difficulties in the UK’s trading relationship with the EU (20%). However, the index of confidence in business leaders’ prospects for their own organisations remained relatively high at +30 in May, down slightly from +32 in April. Read More