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By Chris Dorrell Yet another survey has pointed to deteriorating business confidence ahead of Labour’s inaugural budget later this month. Business sentiment dropped to 14.4 in the third quarter, according to the Institute of Chartered Accountants of England and Wales’ (ICAEW) confidence monitor, down from 16.7 last quarter. This was the first time business confidence had decreased in a year, although the ICAEW noted that confidence was still double the pre-pandemic average. The fall in confidence was likely driven by rising concerns about the tax burden, which was cited by 29 per cent of firms…

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