North East and Northern Ireland are expected to be hit hardest by APR changes
• Investment: survey findings point to Northern Ireland and the North East as the regions likely to experience largest reductions, with both anticipating average decreases of 17.7%. Not far behind are Yorkshire and the Humber and the West Midlands, expecting declines of 17.2% and 17.0% respectively. • Turnover: the largest anticipated impacts are again seen in Northern Ireland (-12.7%), the North East (-12.2%) and Wales (-12.2%). These figures reflect heightened vulnerability in both devolved nations and northern regions, where businesses expect greater revenue losses. • Employment: the North East is expected to see the largest projected reduction in workforce numbers at -12.2%. This figure is notably higher than the next most affected region, the North West, where employment is expected to fall by 10.3% on average. Overall, the North East is facing the sharpest declines across both investment and employment, while Northern Ireland and Wales could experience significant economic impacts.
Figure 6: Regional change in investment, turnover and employment in reaction to APR changes
Investment
Turnover
Employees
-12.2%
-10.3%
-15.4%
-12.7%
-8.1%
-17.6%
Source: CBI Economics Survey (2025)
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