Set 26, 2016

Confidence still falling in financial services sector

Ultra-low interest rates and uncertainty surrounding the Brexit vote topped the list of concerns, as optimism fell for a third consecutive quarter in the three months to September.

Confidence across the UK's financial services industry has continued to deteriorate over the past three months, marking the longest period of falling sentiment since the financial crisis.

The latest Confederation of British Industry/PwC Financial Service survey shows that optimism in the overall business picture fell for the third consecutive quarter, with 28 per cent of 115 respondents reporting a gloomier view, compared to 15% which were more optimistic.

Ultra-low interest rates and uncertainty surrounding the Brexit vote topped the list of concerns, as optimism fell for a third consecutive quarter in the three months to September.

Manchester EveningNews
By Shelina Begum