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UK business confidence crashes on coronavirus hit: Lloyds

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Confidence among British companies slumped in the second week of March as the coronavirus crisis gathered pace but before the government shut much of the economy to slow its spread, according to a survey published on Tuesday.

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.

 

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

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