Tag: confidence
To instill confidence, China tries to reassure private entrepreneurs of support
Anthony Kuhn BEIJING — Every once in a while, China’s government makes a high-profile effort to right a wrong or rehabilitate a well-known person who has fallen from favor. They are gestures to restore public confidence in authorities. And restoring confidence is vital for China’s economy, as it struggles to maintain slowing growth amid a…
Starmer has ‘full confidence’ in Reeves as pound falls
Prime Minister Sir Keir Starmer has said he has “full confidence” in Chancellor Rachel Reeves as she faces criticism over the falling pound and rising government borrowing costs. The pound fell to $1.21 on Monday, its lowest level since November 2023, while one measure of the rate at which the government can borrow money hit…
Greggs sales growth slows amid ‘lower consumer confidence’
Bakery chain says fewer shoppers on high streets over Christmas also to blame in ‘more challenging market’ Greggs, the UK’s biggest bakery chain, has reported slowing sales growth over the festive period, blaming weakening consumer confidence and fewer shoppers on high streets. The company said its total sales rose by 11.3% to just over £2bn…
Confidence of firms hit by tax fears, says business group
Confidence among UK firms has “slumped” as they face a “pressure cooker of rising costs and taxes”, according to a business group. The British Chambers of Commerce (BCC) said its survey of more than 4,800 firms suggested confidence had fallen to its lowest level for two years. Nearly two-thirds told the BCC they were worried…