Business confidence at lowest ebb

According to Lloyds TSB Commercial's Business in Britain survey, confidence has slumped to -32%, the lowest since the survey began in 1992. The report, based on the responses of 3,450 UK firms, charts the performance of businesses across the country and their views on prospects for the coming year. "British businesses have had a rough ride in recent months," John Maltby, managing director at Lloyds TSB Commercial says. "With demand on a downward spiral, it's little wonder they are feeling pressure on their finances and that confidence is at such a low ebb." Since July last year, the...