Bloomberg News

CBI Reports Rise in U.K. Business Confidence, Telegraph Says

May 27, 2012

The U.K. service sector is growing in confidence, The Sunday Telegraph reported, citing comments by Ian McCafferty, chief economic adviser to the Confederation of British Industry.

Businesses including restaurants and hotels believe their profitability will pick up in the coming three months, the newspaper said, referring to the CBI’s quarterly survey.

To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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