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UK business confidence falls for first time since May

Christian Fernsby |
British business confidence has fallen for the first time in five months, hit by the resurgence of coronavirus cases and restrictions to contain their spread, a survey showed on Friday.

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Lloyds Bank's business barometer slumped by seven points to -18, dragged down by the services sector. Confidence among manufacturers and retailers edged up.

Hann-Ju Ho, a Lloyds Bank economist, said companies were also worried about the prospect of a no-deal end to Britain's post-Brexit trade transition with the European Union on December 31.

The survey of 1,200 businesses was conducted.

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