Brexit anxiety taking its toll on financial services sector, CBI finds - News Summed Up

Brexit anxiety taking its toll on financial services sector, CBI finds


Britain’s financial services are becoming increasingly anxious about life after the Brexit vote, according to the latest detailed survey of confidence in the sector. When asked to list their main concerns over Brexit, financial firms cited the top three risks as a negative impact on the economy, changes in access to EU markets and the prospect of lower yields. Despite the drop in confidence, business and profits actually picked up in the sector over the three months. More than half of companies in the financial services sector felt the general impact of the vote was negative. Employment was stable in the financial services sector in the third quarter, the CBI/PwC survey found.


Source: The Guardian September 25, 2016 22:52 UTC



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