UK businesses most downbeat about profits since Q4 2020 – BCC

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Reuters UK

By Humza Jilani LONDON (Reuters) – British companies are the most downbeat about the outlook for their profits since the depths of the COVID-19 pandemic in late 2020 despite widespread plans to raise prices, a major survey showed on Thursday, adding to signs of gloom about the economy. Only one in three businesses are confident their profits will increase in the coming year, while 39% expect a decline, according to the British Chambers of Commerce’s (BCC) quarterly survey, the largest of its kind. Some 62% of companies said they planned to raise prices in the next three months, just below the …

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