Notably, the drop in confidence pushed the level of UK optimism below that recorded in the eurozone for the first time in seven years and paled in comparison to the high spirits seen in the US and Japan.
“As such, the survey results suggest the UK is at risk of falling behind in an otherwise solid-looking global economic outlook,” said Williamson.
“The latest data were collected after the June general election, so may have been affected by the surprise result.
“However, it was notable the extent to which companies have generally become more concerned about Brexit than in the February survey, in which more of a ‘cake and eat it’ attitude towards exiting the EU had prevailed.”
