23.10.202510:12:08UTC+00UK Factory Orders Slump to 10-Month Low

According to the latest survey by the Confederation of British Industry (CBI), the UK's total order book balance significantly declined to -38 in October 2025. This represents a drop from -27 in September, far below both market expectations of -30 and the long-term average of -14. It indicates the most severe downturn since the four-year low of -40 recorded in December 2024, highlighting worsening demand conditions as manufacturers continue to grapple with ongoing cost pressures ahead of the November 26 annual budget. The quarterly figures showed the sharpest fall in both domestic and export orders since July 2020, while expectations for export orders over the coming year have dipped to their lowest level since April 2020. Finance Minister Rachel Reeves is scheduled to announce her second annual budget next month, with speculation suggesting possible tax hikes or spending cuts. Many businesses are concerned that they may be primarily targeted by these impending fiscal tightening measures.