Breaking NewsTreasuryandRisk.com will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.

Search
 

U.K. Bracing for Economic Slowdown

Business confidence sinks to lowest level since 2011, and Bank of England governor warns of tough times ahead.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

U.K. business confidence sank to a four-and-a-half-year low in the days after Britons voted to leave the European Union, adding to evidence that the decision is blighting growth.

With investors anxiously awaiting data on the Brexit’s consequences, the gauge compounds signs that the referendum has hindered an economy that was already losing momentum. Even reports covering the period before the vote are showing signs of fragility, with Halifax saying house-price growth cooled in June. GfK is due to publish a one-off survey Friday that will assess consumer attitudes in the immediate aftermath.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Transfer Pricing Considerations in Light of Covid-19

Susan Fickling-Munge & Zachary Held |

Whether or not they’ve taken drastic steps such as restructuring, U.S. businesses are facing a changing environment that requires them to revisit transfer pricing policies.

Robust Rebound for the U.S.

Aaron Rutstein |

The speed and consistency of the economic recovery will depend on political stability and continued vaccination progress.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.