By Reuters
LONDON - British businesses reported a fall in Brexit-related uncertainty last month, according to a Bank of England survey that was conducted before and after Prime Minister Boris Johnson’s landslide election victory on Dec. 12.
A bird flies past The Bank of England in the City of London, Britain, December 12, 2017. (REUTERS/Clodagh Kilcoyne/File Photo/MANILA BULLETIN)
The BoE said a gauge of Brexit uncertainty in its monthly Decision Makers’ Panel survey fell to a six-month low in December.
However, 42% of respondents said they did not expect Brexit uncertainty to be resolved until 2021 at the earliest, up from 34% in November, the BoE said.
Johnson has said he will clinch a deal settling Britain’s future trade ties with the European Union before a deadline on Dec. 31 2020.
The survey of 2,887 business executives was conducted between Dec. 6 and Dec. 20.