Brexit: Financial services worried about UK economy prospects

Tuesday, April 10th 2018 - 08:59 UTC

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Research by Lloyds Bank found that executives in the sector believe growth in this country will be outpaced by all other nations in the G7 this year.

Financial services firms are worried about prospects for the UK economy, with Brexit remaining the biggest risk, a study shows. Research by Lloyds Bank found that executives in the sector believe growth in this country will be outpaced by all other nations in the G7 this year.

Despite the findings from a survey of over 100 boardroom and senior executives, most expect the UK economy to remain resilient.

Robina Barker Bennett of Lloyds Bank Commercial Banking said: “As the biggest industry in the UK, the financial services sector is a crucial bellwether for the nation’s economic prospects.”

“Fears about Brexit are looming large as the final countdown begins to March 2019, but our survey suggests that the UK economy will prove to be resilient and that it will come through the challenges of the next few months relatively unscathed.

“There is, however, a real risk that our growth will be slower this year than in all other advanced nations; and that we will fall to the back of the G7 pack.”

Categories: Economy, International.

Tags: Brexit, Lloyds Bank, Robina Barker Bennett, UK brexit, UK Financial Services Authority, United Kingdom.

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The Voice
Well, we have been at the front for years, well ahead of Europe so perhaps its our turn to be temporarily a back marker. Only true if the doomsters are correct of course, up until now they have been wrong about almost everything.
After turning the Middle East into a tragic firestorm killing, maiming and displacing millions of innocent people BLiar and his barmy anti democratic followers are hard at it. No-one should follow them.
Apr 10th, 2018 - 09:51 am 0
Beth
The question is why is this piece appearing in Mercopenguin, a British government propaganda organ supposedly devoted to America, South America and the “South Atlantic”?
Apr 14th, 2018 - 02:04 am 0

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