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UK business confidence plummeted after the disastrous snap election





Prime Minister Theresa May leaves Downing Street to go to Buckingham Palace where she will seek the Queen's permission to form a UK government on June 9, 2017 in London, England. After a snap election was called by Prime Minister Theresa May the United Kingdom went to the polls yesterday. The closely fought election has failed to return a clear overall majority winner and a hung parliament has been declared. (Photo by )

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 >>>

Source:: BusinessInsider.Com

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