Economics

British Businesses Losing Faith in Economy as Brexit Approaches

  • Confidence falls to lowest since aftermath of 2016 referendum
  • Concerns about impact on output intensify, Lloyds survey shows
A no-deal Brexit is "by far the worst outcome" for U.K. businesses, says CBI’s Josh Hardie.(Source: Bloomberg)
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British businesses are getting increasingly gloomy about the economy as Brexit approaches, according to the Lloyds Business Barometer.