The planned reopening of the economy and the Budget has boosted business spirits, the IoD’s latest Confidence Tracker reveals.
- Directors’ optimism in the economy is at its highest since just after the 2019 General Election, moving further into positive territory since February (+14, up from +5)
- Just under two thirds (62%) of company directors polled said the Budget had improved prospects for the economic recovery
- Business leaders’ net optimism in the 12-month outlook for their own organisations rose from +36 to +41
- Net investment and hiring intentions for the year ahead picked-up (+19 and +18 respectively)
- After Covid-19 and the economy, adjusting to new trading terms with the EU was a top factor having a negative impact on business
Robert Lloyd Griffiths, National Director for Wales at the Institute of Directors, said:
“After an enduring year defined by challenge after challenge, the clouds are finally parting for businesses.
“The roadmap to reopen the economy, the successful vaccine rollout, and the Budget, have all buoyed directors’ confidence in the first…