UK consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live

People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK

• Budget will reverse huge cuts in UK’s public investment, Reeves confirms

Fewer businesses are being created – or closed down – in the UK than last year, new data from the Office for National Statistics shows.

The ONS reports that the number of businesses created in July-September 2024 was 3.7% lower than in Quarter 3 2023.

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