Bloomberg: Brexit worry drags UK business optimism to lowest in a year

31 October 2018

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.

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. [...]

U.K. consumer confidence also dropped in October, a separate report by GfK showed.

The index is poised to fall further “with no immediate prospect of any feelgood news impacting our hearts, minds and wallets,” said Joe Staton, client strategy director at GfK. “It looks like the U.K. government will need to administer an exceptionally strong tonic to the nation to settle the obvious Brexit anxieties.” [...]

Full article on Bloomberg

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