Bloomberg Law
Aug. 30, 2016, 1:37 PM UTC

Brexit Bulletin: Services Feel the Pain

Bloomberg Media

By Simon Kennedy, Bloomberg News

Britain’s services sector is suffering from the Brexit vote.

A report issued today by theConfederation of British Industryfound 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 theFinancial Timestoday 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 ...

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