UK business confidence crashes on coronavirus hit: Lloyds

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: Reuters - 🏆 2. / 97 Read more »

Coronavirus: UK live updates, 1,019 deaths and 17,089 cases reported in Britain - Business InsiderThe UK has confirmed 1,019 coronavirus-related deaths and 17,089 total cases as Britain enters lockdown over COVID-19. Please tell ScottyFromMarketing as I'm sure he can't read communitynoteconomy It may be time to quarantine London He looks like a half dead clone.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: UK live updates, 1,228 deaths and 19,522 cases reported in Britain - Business InsiderThe UK has confirmed 1,228 coronavirus-related deaths and 19,522 total cases as Britain enters lockdown over COVID-19. Why? let them eat chocolate
Source: BusinessInsider - 🏆 729. / 51 Read more »