The Institute of Chartered Accountants has just released its Q4 UK business Confidence report, showing a weakening of business confidence. The main reasons are skills shortages, staff turnover, increased costs, and transport problems.

It has to be pointed out that although confidence has decreased, it is still high, and many companies expect sales to grow over the next 12 months.

Salaries are expected to rise at 2.5% over the next year, and companies have reported a 2.6% increase in their input prices over the last 12 months, and they expect to see a similar rise over the next 12 months.

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