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ICAEW Business Confidence Monitor

Q4: Dramatic drop in business confidence as budget concerns bite

Full national report, plus regional and sectoral reports available below.

National

Business Confidence Monitor

UK Business Confidence Monitor: National

  • Report
The latest national Business Confidence Monitor (BCM) for Q4 2024 shows a significant decline in sentiment from the previous quarter, with confidence only just remaining positive, as businesses digest the implications of the proposed tax increases in the Autumn Budget and domestic sales growth eased.
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About BCM and methodology

  • Article
  • ICAEW
One of the largest and most comprehensive quarterly surveys, running for 20 years, the BCM includes a vast range of indicators and provides an authoritative and authentic voice on the economy and business issues.
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Documents

Dramatic drop in business confidence as budget concerns bite

  • Press release
  • ICAEW
UK business confidence fell by the largest amount in two years to hover just above zero, amid record tax concerns and a slowdown in domestic sales growth, a survey of business leaders published today (Wednesday 15 January 2025) has found.
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Mircophones

Nations and regions

Scotland
Scotland

Q4 regional report will be available from the 22nd of January.

Wales
Wales

Q4 regional report will be available from the 22nd of January.

London
London

Q4 regional report will be available from the 30th of January.

North West
North West

Q4 regional report will be available from the 30th of January.

North East
North East

Q4 regional report will be available from the 30th of January.

Yorkshire
Yorkshire & Humber

Q4 regional report will be available from the 30th of January.

West Midlands
West Midlands

Q4 regional report will be available from the 30th of January.

East Midlands
East Midlands

Q4 regional report will be available from the 30th of January.

East of England
East of England

Q4 regional report will be available from the 30th of January.

South West
South West

Q4 regional report will be available from the 30th of January.

South East
South East

Q4 regional report will be available from the 30th of January.

Sectors

Construction hat
Construction

Q4 Sectoral report will be available from the 30th of January.

Wind turbine
Energy, Water & Mining

Q4 Sectoral report will be available from the 30th of January.

Crane
Manufacturing & Engineering

Q4 Sectoral report will be available from the 30th of January.

Crate
Retail & Wholesale

Q4 Sectoral report will be available from the 30th of January.