British business leaders' confidence sinks as Brexit looms: IoD

LONDON (Reuters) - Business leaders' confidence in the British economy has sunk to its lowest level in more than 18 months as the risk of a no-deal Brexit in a little over three months grows, the Institute of Directors (IoD) said on Thursday. The group, which represents business directors and leaders, said its confidence tracker briefly reached positive territory earlier this year when there was agreement on a Brexit transition period, but had fallen steadily since April and hit its lowest level this month. Prime Minister Theresa May faces deep opposition from both her own lawmakers and opposition parties to the divorce agreement she has negotiated with the EU, raising the risk of a "no-deal" departure, something that could hurt the economy.

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