Prime Minister Boris Johnson's emphatic election win last month has led to ...
LONDON - Prime Minister Boris Johnson’s emphatic election win last month has led to a burst of optimism among British businesses and consumers, according to some early signals from the economy.
It also ended the prospect of a shift to the left in British politics. The opposition Labour Party had proposed nationalizing key industries, taking stakes in many other companies and more state intervention. Accountants Deloitte said on Friday that 53% of chief financial officers were more optimistic about their companies’ prospects than three months previously, the highest share since records started in 2008.
Nonetheless, the overall picture of the economy from the PMI remained consistent with no growth in the fourth quarter.The public became much more upbeat about the prospects for Britain’s economy after the election, according to a survey commissioned by payment card company Barclaycard.
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