View more on these topics

Business confidence reaches new low, says Lloyds TSB

Businesses’ confidence in their trading prospects has slipped to a new low, the Lloyds TSB Corporate Markets Business Barometer has found.

Lloyds’ July survey found business confidence was at its lowest level since the barometer began in 2002.

The balance of firms who believe their trading activity will increase, rather than decrease over the next 12 months, has fallen to 22 per cent, which is a 10 per cent drop on June’s balance and the lowest level in the survey’s six year history.

Chief economist Trevor Williams says: “There’s a strong relationship between business confidence and the actual performance of the economy. And, with so many firms remaining downbeat, we can expect UK economic growth to remain weak well into next year.”

Recommended

Shooting star

Over the 10 years to the end of 2007, the Meteor protected equity fund would have outperformed the FTSE 100 index by 103 per cent and furthermore with lower risk.

29% Aren’t using a CMS

Nearly a third of advisers do not use a client management system, says Bankhall.

The answer is blowing in the windfall

Some advisers believe that Norwich Union with-profits policyholders should not hold out for windfalls from the reattribution process but should move their cash now.

I was thanked by the lender that undercut me

I recently received an email from Woolwich thanking me for some recent cases which I have submitted to them. I quote: “We wanted to take this opportunity to thank you for your business over the last six months, an unprecedented period for all of us continuing to trade in the mortgage market.”

Responsibility Matters

The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment