UK accountants gloomiest in a decade on Brexit and slow growth

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UK accountants gloomiest in a decade on Brexit and slow growth
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Confidence among British accountants in the economic outlook is falling at the f...

FILE PHOTO: Canary Wharf and the City of London financial district are seen from an aerial view in London, Britain, August 8, 2019. REUTERS/Hannah McKay/File Photo

“Slower economic growth a symptom of the malaise that has set in, driven primarily by Brexit uncertainty and political instability,” Michael Izza, chief executive of the Institute of Chartered Accountants in England and Wales , said.The telephone survey of 1,000 accountants was conducted from July 22 to Oct. 18, mostly covering the period after Boris Johnson took over from Theresa May as prime minister and sought to negotiate a new exit deal from the European Union.

Other business surveys have been similarly sombre. The Confederation of British Industry last month said manufacturers were the most gloomy about their export prospects in a decade.

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