Reuters report on two separate surveys, one from Accountancy firm Deloitte and another from credit card firm Visa
Deloitte survey of chief financial officers
- Says business optimism at large British companies fell sharply in the second quarter
- Citing the inconclusive outcome of last month's national election
- 72% thought the overall business environment would be worse once Britain leaves the European Union (largest proportion since Deloitte started asking the question a year ago)
- 8% saw an improvement after Brexit
Adds Reuters:
- The survey's findings have proven a good predictor for the BoE's own investment intentions survey which BoE officials watch closely as part of their monitoring of Britain's economy.
Survey from Visa on consumer spending
- Fell in June
- Weakest quarter in nearly four years, spending in the April-June period was 0.3% lower than in the same three months in 2016
- "June data provides further evidence that an increase in the cost of living, coupled with slowing wage growth, are beginning to squeeze household disposable income," Visa managing director Kevin Jenkins said.
