Business Confidence Crashes to Lowest Ever After Reeves Raid

The closely watched Institute of Directors’ Economic Confidence Index shows business confidence in the economy has nosedived to a record-breaking -72 in July, down from an already gloomy -53 in June. That’s the worst reading since the survey began in 2016 – even lower than during the darkest days of the pandemic…

The IoD surveyed more than 600 business leaders and also found:

• Export expectations fell to -4 in July 2025, from +4 in June.