ASSETZ Capital investors expect the UK economy to worsen over the last three months of the year.
The peer-to-peer lending firm surveyed 29,000 of its investors about how they thought the economic situation would impact them in the final quarter of 2018.
40 per cent thought it would be negative, up from 31 per cent in the previous quarter.
Only nine per cent of those surveyed thought the economic situation would be positive.
“While the government may release statistics that claim the economy is in good health, our investors are not as bullish,” said Stuart Law (pictured), chief executive of Assetz Capital.
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“In fact, with confidence fading in the government’s ability to secure a good Brexit deal, our investment community is expecting this quarter to be the worst of the year.
“Until this uncertainty is lifted, we expect that conventional means of business investment will continue to stall, breeding further concern for the economy.
“Although P2P lending has inherent risks, it now represents the best opportunity for SMEs to secure growth capital, drive employment and give the economy a shot in the arm.”
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