UK business confidence reaches 13-month high

Business confidence in the UK is at its highest point since May last year, according to a new report, writes the BBC.

The Optimism Index by the accountancy and business advisory firm BDO moved higher for the fifth consecutive month in June.

BDO said confidence in both services and manufacturing firms had increased.

However, it added that the figures remained fractionally below the level which would indicate the economy was expected to grow.

Read more on this story at the BBC

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