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Bloomberg
UK employers’ economic confidence is weakening as the nation prepares to leave the European Union. The net balance of employers with a positive outlook for the economy fell to the lowest since February, the the Recruitment and Employment Confederation said on Wednesday. However, the confidence of employers to make hiring and investment decisions remained positive during the three months ended September 30.
Prime Minister Theresa May is inching closer to a Brexit deal before the planned divorce on March 29, though it’s not clear lawmakers at home will agree to whatever she brings back from Brussels. Chancellor of the Exchequer Philip Hammond will update the governm- ent’s spending plans in its annual Budget next week.
“With employers’ confidence in the prospects for the UK economic growth diminishing, we need a budget next week that gives businesses the support they need to drive the economy,†said Neil Carberry, chief executive of REC.