US business confidence in the UK falls for third consecutive year

BritishAmerican Business study

US companies have expressed anxiety over Brexit, UK growth prospects and corporate taxation, with their confidence in the UK business environment falling for the third year in a row.

The third edition of Bain & Company's Transatlantic Confidence Index, carried out on behalf of BritishAmerican Business, revealed US confidence in British business "dropped markedly" as it continues to be influenced by political instability. On a scale from one to ten, the average business confidence rating for the UK dropped by almost a full point to 6.5. By comparison, the 2022 index revealed a half-point decline to 7.3. Deutsche Bank maintains US recession forecast The two companies said the results of their study deliver a "clear call to action for the UK Government from busine...