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Brexit Worry Drags U.K. Business Optimism to Lowest in a Year

  • Consumer confidence also falls on uncertainty ahead of Brexit
  • Prices of clothes, electricals fall as competition heats up
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Brexit Options Leave U.K. Economy 'Worse Than Now,' Westmacott Says

U.K. businesses are getting increasingly nervous about Prime Minister Theresa May’s ability to pull off a Brexit deal.

Optimism in Britain’s economy slumped in October to the lowest level this year, with confidence falling in almost all parts of the country, Lloyds Bank said in a survey published on Wednesday. The concern is spread across firms of sizes, with both bigger and smaller companies more worried about U.K.’s impending exit from the European Union, according to the survey.