Britain's financial sector has gloomiest outlook since 2008 crisis, says survey
Updated : March 25, 2019 06:34 AM IST
Business volumes among the 84 top financial firms polled have also fallen at their fastest rate since September 2012, the survey by the Confederation of British Industry and accounting firm PwC showed.
The mounting gloom from banks, insurers, fund managers and other financial firms comes as Prime Minister Theresa May battles to get her twice-rejected withdrawal agreement with the EU through a bitterly divided parliament.
The investment management industry saw the sharpest fall in growth, the CBI/PwC survey said, as investors hold on to their cash in turbulent markets, while insurance brokers were the lone bright spot.
Published : March 25, 2019 06:34 AM IST