Optimistic UK Economy as Article 50 Triggered by PM May

Based on the survey of company directors, the optimism on the British economy has improved compared in the past. This is because UK PM Theresa May set off the Article 50 in March.

The growth in confidence was followed by an earlier increase upon the December’s announcement about the decent development occurred in the first phase of the Brexit negotiations. The uncertain trading status of the United Kingdom with the European Union was ruled out from the top three major concerns of corporate leaders for the first time since Brexit talks started, according to Institute of Directors. As the main concerns include the economic health, regulatory compliance skill shortages.

There is a 1 percent net balance who believes that the economy is in good condition and the balance reached 47 percent when administrators were asked about the future of their company.

A senior economist from the  Institute of Directors, Tej Parikh stated that scales had a smooth increase after almost a year of economic pessimism that prevailed over businesses. He also mentioned that false indications or less engagement would lead to a solid impact towards labor plans and company investments.