The bankers aren’t happy. I know that it can be hard to sympathize with the finance industry, given that their comp packages often look more like telephone numbers than salaries and that their collective recklessness plunged the world into recession in the not so distant past, but bear with me as this is important.
A new report has revealed that optimism in the U.K. financial services sector has slumped to its lowest level since the financial crisis. The latest quarterly study of financial institutions by British business organization the CBI and accounting giant PricewaterhouseCoopers found “strong concerns” about the impact of Brexit on the industry and the wider economy. (Financial services accounts for around 12 percent of U.K. GDP, according to government data.)
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