British business confidence edges up to five-month maximum in December

British business confidence edges up to five-month maximum in December

Confidence among UK businesses has ascended to its highest value since July because businesses actually expect a busier 2018, although optimism is still below its level before the previous year's Brexit vote, as a poll by Lloyds Bank revealed on Friday.

In December, Lloyds' business barometer tacked on to +28 versus November’s reading of +24, compared to a pre-referendum average of about +44.

Official data to be released a bit later is believed to confirm that UK annual economic surge held at 1.5% for the last months to September versus an average of more than 2% before the referendum to break up with the European Union.

The outcome hints that the UK economy keeps expanding in the fourth quarter at rather a similar tempo to recent quarters, as some financial analysts told.

Nevertheless, larger businesses reported the weakest business prospects and also the biggest worries as for the impact of Brexit.


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