A survey by Lloyds bank of business confidence showed that small and medium sized enterprises expect a reduction in orders and are less likely to hire or increase capital spending. The overall business confidence index measured by the bank fell to a four year low, which could be further proof of the lasting effect of Brexit on the economy. The survey showed that the service industry was the most concerned about the vote, especially in areas that voted remain. In a hint of good news, the survey showed that the appointment of Mrs May as PM has rallied some confidence.

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