Brexit Bulletin: Services Feel the Pain

A report issued today by the Confederation of British Industry found optimism among professional service companies such as law firms fell at the fastest pace in almost five years while consumer companies such as restaurants reported the sharpest decline in sentiment since February 2009.

Still, employment growth remained above average, the CBI said. Its chief, Carolyn Fairburn, told the Financial Times today that the government should take banks “off the naughty step” by scrapping a levy on their profits to ensure they don’t flee London.

Meantime, job seekers are starting to see the impact of Brexit with salaries under pressure and companies advertising more contract positions.

Bloomberg

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