Election boosts bosses’ confidence to the highest since the EU referendum

Election boosts bosses’ confidence to the highest since the EU referendum

Bosses’ confidence in the outlook for Britain’s economy over the next year jumped sharply after the election, a survey reveals.

The Institute of Directors confidence tracker, which records whether firms feel optimistic or pessimistic, rose to a score of 21 per cent in November as positive views outweighed negative ones – the highest score since the EU referendum in June 2016.

In October, it registered a score of minus 18 per cent.

The Institute of Directors confidence tracker, which records whether firms feel optimistic or pessimistic, rose to 21 per cent in November as positive views outweighed negative ones

Tej Parikh, chief economist at the IoD, said: ‘Britain’s directors will be entering 2020 with a little more festive cheer than might have been expected only a few weeks ago. A firm majority Government means business leaders, whatever their personal views, now have a framework around which they can put in place plans to invest, hire and expand.’

To get the figures, the institute questioned 952 decision-makers at a range of firms between December 13 and 20.

 

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