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Business confidence hits 21 year low
Confidence among UK businesses hit its lowest level in at least 21 years last month, as reported by the BBC.
The survey was conducted by accountancy firm BDO, suggesting there will be a struggle for growth in the first quarter.
That is despite signs of improvement in the labour market, it said, with firms planning to take on more staff.
The survey measures optimism in business performance and the economy over the next six months.
BDO's Optimism Index fell to 88.9 in January, well below the score of 95 needed to indicate growth
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Post Date: February 11th, 2013