UK business confidence matches 2008 low in May - Lloyds Bank

LONDON (Reuters) - British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.

Lloyds said its monthly business barometer dropped to -33, matching the historic low set in December 2008, reflecting reduced optimism about the economy and weaker hiring intentions.

“Despite the results...
source: Reuters

2020-05-29 03:11
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