Pessimism in British businesses rose in the three months to September to the hig...
FILE PHOTO: Canary Wharf and the City of London financial district are seen from an aerial view in London, Britain, August 8, 2019. REUTERS/Hannah McKay/File Photo
The Confederation of British Industry’s gauge of private sector activity held steady at -6% in the three months to September, the same as in the period to August. Business investment has stagnated since the 2016 Brexit vote, leaving the economy more reliant on household spending for its growth. Prime Minister Boris Johnson has promised Britain will leave the EU on Oct. 31 with or without a deal and has said he would not seek an extension even if the conditions of a recently passed bill were met, forcing him to do so.
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