Business confidence blighted by slowdown fears

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British business confidence is faltering in the face of continued economic uncertainty and remains close to an all time low, according to Lloyds TSB.

The Lloyds TSV Corporate Markers Business Barometer survey for August found economic optimism among UK businesses remains firmly in the doldrums. A balance of -33% of UK companies are more optimistic about prospects for the economy, rather than pessimistic, according to the survey. The balance is calculated by subtracting all negative responses to a question from all positive responses. A total of 200 companies with turnover above £1m are represented by the data. Over all, 20% of firms are more optimistic and 53% are more pessimistic. The survey also found many companies are expecti...

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