Business confidence slides downward
Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.
Monday 31 October 2011
Business confidence is sliding back to levels not seen since the depths of the financial crisis, according to a new report by Lloyds Bank.
Its "business barometer", based on a survey of more than 300 firms with annual turnover over £1m, showed optimism ebbing, most especially among businesses selling their goods abroad.
Trevor Williams, chief economist at Lloyds Bank Corporate Markets, said that, after a brief uptick in September, confidence was back on the downward trajectory that begun in early summer.
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