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National confidence down, says gloomy survey

BUSINESS confidence among UK firms has fallen to its lowest level since the depths of the recession, a national survey has suggested.

The Business Trends optimism index from the accountants BDO fell to 91.6 last month, from 93.1 in August.

According to BDO said, the economy could stop growing early next year, and begin to contract between April and June.

BDO also called on the Bank of England to pump more money into the economy.

The Bank has already spent about £200bn on trying to boost the supply of money to stimulate the economy.

BDO’s survey of surveys is compiled by the Centre for Economics and Business Research and covers 11,000 companies from a range of industries.

This was posted in Bdaily's Members' News section by Ruth Mitchell .