UK business optimism sees record post-election rebound

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LONDON (REUTERS) - Optimism at major British companies has improved by the largest margin in at least 11 years after Prime Minister Boris Johnson won a sweeping election victory last month, according to a survey from accountants Deloitte released on Thursday (Jan 9).. Read more at straitstimes.com.

LONDON - Optimism at major British companies has improved by the largest margin in at least 11 years after Prime Minister Boris Johnson won a sweeping election victory last month, according to a survey from accountants Deloitte released on Thursday .

"The fog of uncertainty that has lingered over the UK since the 2016 EU referendum is lifting. CFOs ... are beginning 2020 with sentiment levels that would have been unimaginable at any time in the last three years," Deloitte chief economist Ian Stewart said. Just over half of chief financial officers said they expected revenues to rise over the next year, up from 18 per cent three months ago, and 38 per cent said they planned to invest more, the highest proportion in four years.

 

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