• Analytics
  • News and Tools
  • Market News
  • UK firms turn more gloomy about economy - IoD survey
Market News
05.07.2019, 08:11

UK firms turn more gloomy about economy - IoD survey

British businesses have turned gloomier about the economy as the country's political crisis deepens, bucking an improvement in sentiment earlier this year, according to a survey published by an employers group.

Confidence in the economy fell to -28% in the period between May 22 and June 5, down from -19% in April and the first decline registered in 2019, the survey conducted by the Institute of Directors (IoD) showed. The survey of 893 firms coincided with the announcement by Theresa May on May 24 that she would stand down as prime minister.

"Dealing with political uncertainty is part and parcel of leading a business, but this has been taken to extremes over recent years. With the nature of Brexit still ambiguous and another shake-up of key government personnel in motion, many businesses have been holding back on investing in their staff, operations and technology to the detriment of UK productivity growth," Tej Parikh, the IoD's chief economist said.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Live Chat E-mail
Choose your language / location