LONDON—Business leaders’ confidence in the British economy has sunk to its lowest level in more than 18 months, as the risk grows toward a “no-deal” Brexit in a little over three months, the Institute of Directors (IoD) said Dec. 27.
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 has fallen steadily since April and hit its lowest level this month.
