Economics
U.K. Business Confidence Slumps as Brexit Tarnishes Outlook
- Company fears grow over ugly EU divorce, Lloyds Bank reports
- Consumers have developed an immunity to Brexit talk, GfK says
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U.K. companies became more pessimistic in August as concerns that Brexit will hurt growth increased.
Business confidence slid to the lowest level since December, with both trading prospects and optimism toward the wider economy declining, according to a survey by Lloyds Bank. Only 21 percent of the companies intend to increase hiring over the coming year, down from 30 percent in July.