Economics
U.K. Business Confidence Hits a Seven-Year Low Ahead of Brexit
- Annual house-price gain of 0.4% is far below pace seen in 2018
- U.K. businesses least confident in seven years ahead of Brexit
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Brexit continues to take a toll on the U.K., with new figures Thursday showing a fall in business confidence and continued weakness in the property market.
House price-growth remained tepid in February, with values rising just 0.4 percent from a year earlier, according to Nationwide Building Society. A separate report from Lloyds showed optimism among firms at a seven-year low, while GfK said consumer confidence is still close to the weakest since 2013.