Economics
U.K. Finance Firms' Optimism Wanes Amid Brexit Plan Uncertainty
- CBI study posts fifth slump in sentiment in past six quarters
- Companies also report rising profitability and employment
Vanguard's Davis Says Brexit Is Years of Wait and See
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U.K. banks and life insurers are less optimistic in their outlook because of uncertainty over Brexit, the Confederation of British Industry said.
Sentiment about the overall business situation fell in the three months to June, for the fifth time in the last six quarters, according to the study of 94 firms by the industry lobby group and auditor PricewaterhouseCoopers published on Tuesday. However, the companies also reported rising profitability and employment numbers.