UK business confidence matches 2008 low in May – Lloyds Bank

LONDON (Reuters) - British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown. Lloyds said its monthly business barometer dropped to -33, matching the historic low set in December 2008, reflecting reduced optimism about the economy and weaker hiring intentions. "Despite the results partly capturing the period since the government's announcement of an initial easing of restrictions, trading conditions remain difficult for most firms," Lloyds economist Hann-Ju Ho said

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