Confidence in a short supply between BOS

The Latest Director’s Economic Trust Index of IOD, which measures the optimism of business leaders in the British economic prospects, falls in June because of the impact of tax increases below the BOS confidence level.

The index dropped back to 53th in June 2025, after rising to -35 in May, with the intention of investing to take one of the sharpest beats, down to 10 of 0 in May.

Another important logger is the hope of the headcount, which drops from -1 to 10.

This finding reflects a sour work sentiment among the bosses that were proven in the recent opinion poll from the British Chamber of Commerce, another member of the ‘Big Five’ industrial lobby group. More than one third of BCC members said they plan to reduce the number of their employees to manage with a high cost pressure succession in the British company had been forced to navigate in 2025.

Chancellor Chancellor Rachel Reeves ‘Entrepreneur’ of National Insurance Tax Increases came into force in early April, along with the increase in national minimum wages. There is also a scourge that rises from new packaging taxes that come into force in the fall and improve the government’s mainstay rights, which is estimated by government figures will pile up to £ 5 billion to the overhead of the British company.

Anna Leach, Head of Economists at the Institute of Director, said: “Business leaders find increasingly challenging economic conditions, both as steps for autumn budget tax applicable – especially changes in national insurance, business and agricultural property assistance – and from increasing global uncertainty.

“While the new strategy was launched from the government to check many boxes, the message that came was that the increase in taxes released in businesses had damaged the ambition of the industrial strategy” to make England the best country to invest anywhere in the world “.