UK business confidence plummeted after the disastrous snap election
|06/30/2017||Posted by BusinessMediaguide.Com under General World News||
Business confidence plummeted following the UK’s snap election in June, which resulted in a hung parliament and has left the country facing yet more uncertainty.
Data compiled by Lloyds Bank and released on Friday shows that business confidence was running at 40% before the June 8th election. However, it plummeted to 21% after the vote — its lowest point since August 2016. The overall figure for June stands at 30%, a three point rise on May.
Economic optimism fell by ten points to 18%, its lowest level for five months.
However, confidence in business prospects rose by 16 points to 42%, Lloyds read more >>>