UK business confidence crashes on coronavirus hit: Lloyds

FILE PHOTO: People look out onto the Canary Wharf district as they walk through Greenwich Park in London, Britain, March 22, 2020. REUTERS/Simon Dawson/File Photo

During that week, the Bank of England cut interest rates and finance minister Rishi Sunak said he would ramp up public spending. Both measures proved to be just the prelude to further emergency stimulus moves by the BoE and the government.

Business Confidence crashes or Fear factor hits the roof. Me thinks its the latter. Who has time for Business.

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UK companies were worried about outlook even before lockdown: CBIBritish companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said. It's not looking good for anybody. Britain has little to fear, from their outlook: they’ve become the world’s hinge, entrepôt, the new Constantinople — the New Worlds will meet there, in the East End, and bargain.
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