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Businesses fear a 'parliament in paralysis'

Businesses fear a 'parliament in paralysis'

Business
Business confidence has plunged because of the political uncertainty gripping the nation following the election, a lobby group has said.The hung parliament has triggered a "dramatic drop" in confidence, according to a survey by the Institute of Directors (IoD).A snap poll of its 700 members found a negative swing of 34 points in confidence in the UK economy since its last survey in May.The majority cited Brexit and growing concerns about the country's immigration system once Britain leaves the European Union as a priority issue for Theresa May's minority government to address.In particular, employers told the IoD that they were worried about a future talent drain and demanded clarity on the status of EU workers in the UK, coupled with a plan for a higher skilled domestic workforce.Video:'T...