Recovery in UK confidence

Business confidence has shown signs of recovery from the slump seen in the immediate aftermath of the Brexit vote.

Lloyds Bank’s latest business barometer found confidence fell 13 points to 16% in August, but remained higher than in the days after the vote.

However, the net balance for companies expecting trading to improve slipped to its lowest level since December 2011, falling 22 points to 19% in August.

Despite those concerns, firms are still keen to take on staff, the survey found.