Impending tax rises temper business confidence - report

The impact of tax rises weighed heavily on Greater Birmingham businesses during the final quarter of 2024, according to newly published research.

The report, published by Greater Birmingham Chambers of Commerce for quarter four, reveals concerns among firms following business tax increases announced in the Chancellor's Autumn Budget.

This led to a fall in recruitment activity and the significant increase in the number of companies expressing concerns over price pressures.

However, there were signs of resilience from the region's businesses, with both domestic and export activity picking up towards the end of the year.

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