Survey of chartered accountants says Brexit fears,budget fallout, slowdown in China and feeble UK sales denting companies’ ability to way aheadWorries about the EU referendum in June, and rising labour costs and China’s slowdown possess knocked UK commerce confidence to a four-year low,according to a report that will fan fears the economy is losing momentum.A poll of 1000 chartered accountants by their professional body, the ICAEW, or echoed other recent surveys pointing to fragile consumer and commerce confidence as the referendum approaches. The poll also noted a slowdown in domestic sales and nervousness about hiring new staff.
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Source: theguardian.com