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Shift in sentiment towards UK economy amid increased optimism from financial institutions
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The 48% figure marked a significant uptick in optimism compared to the 21% who expressed the same sentiment last year and the meagre 7% who forecasted domestic growth in 2022, as revealed by Lloyds Bank's Financial Institutions Sentiment Survey 2024. Pessimism about Britain's fiscal prospects also dwindled, with only 8% of respondents anticipating a worsening of economic conditions, a stark contrast to the 36% who shared this view a year ago and the 70% who harboured such concerns in 2022. Falling UK wage growth boosts chances of August rate cut Lloyds Bank's head of market insig...
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