Lloyds Reports Business Confidence Rises to 47% in December
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Lloyds Banking Group reports UK business confidence rose to 47% in December, up 5 points from November. Economic optimism reached a four-month high at 42%. Hiring intentions remain positive, with 55% planning to increase headcount. Wage increase expectations held steady at 18%. Price expectations softened slightly. Confidence rose in seven UK regions, with the West Midlands and London highest at 63%. Construction confidence surged by 22 points to 61%, while services fell by one point to 41%.
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