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By Lawrence White
LONDON (Reuters) – British financial services firms have been optimistic about the country's fastest-growing economic outlook since the 2008 financial crisis because of concerns over the country's exit from the European Union. Monday an investigation.
Business figures among the 84 major financial companies surveyed also experienced their largest decline since September 2012, according to the survey by the Confederation of British Industry and the PwC accounting firm.
The growing sluggishness of banks, insurers, fund managers and other financial companies comes as Premier Theresa May fights to get her withdrawal agreement with the EU twice rejected through of an extremely divided parliament.
According to the CBI / PwC survey, the investment management sector experienced the largest decline in growth, while investors maintained their cash flow in crisis markets, while insurance brokers were the only positive point.
"The resounding alarm on the state of optimism of the financial services sector has now reached a deafening level," said Rain Newton-Smith, chief economist of CBI.
According to the survey, employment in financial services has fallen at the fastest pace in four years, mainly due to job cuts in the banking sector, with lenders slashing into branch networks and transferring money. jobs abroad to reduce costs.
(Report by Lawrence White, edited by Alison Williams)
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