The latest national Business Confidence Monitor (BCM) shows that the Iran War markedly dented confidence as it dropped to a near four-year low and suffered its sixth successive negative quarterly score. Companies reported rising costs pressures, weaker expected sales and profits growth for the coming year, while late payment concerns hit a five-year high.

As the latest Business Confidence Monitor (BCM) shows confidence in London moving back into negative territory, members in the region share their experiences of continuing uncertainty around economic conditions, rising employment and operating costs, and pressure on profitability.