Rate increases for 12th time since December 2021.
Bank of England raises interest rates to 4.5%
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Rate increases for 12th time since December 2021.
Poor payment practices have severe consequences for SMEs.
Confidence improves across all major sectors.
Total receipts for 2022/23 hit £786.6 billion.
Insolvencies are higher than pre-pandemic levels.
37% of firms reported a 10% increase in operating costs.
Economic outlook “brighter than expected”, despite slow progress.
Interest rates will ease when inflation is under control.
IoD report suggests UK economy grew strongly.