INVESTORS are losing confidence in the government’s ability to secure a decent Brexit deal, according to data from Assetz Capital.
The peer-to-peer business lender’s third quarter investor barometer – based on a survey of its 29,000-strong investor community – found that only 10 per cent were ‘confident’ or ‘very confident’ of a good Brexit deal.
This is down from 20 per cent in the second quarter and 21 per cent in the first three months of the year.
In contrast, the number of ‘not confident’ or ‘not at all confident’ has continued to rise, hitting 90 per cent in the latest poll, compared with 80 per cent in the second quarter of 2018 and 79 per cent in the first.
“Whatever optimism our investors had around the Brexit negotiations is slipping away,” Stuart Law (pictured), chief executive at Assetz Capital, said.
“The view from the Assetz Capital community is that there’s significant economic pain on the horizon.
“Post-withdrawal, it will be more important than ever that the whole alternative finance industry works hard to deliver for both investors and borrowers.
“It’s when the economy struggles that growth capital becomes even more scarce. P2P lenders must stand up and support the country through this Brexit uncertainty.”