LONDON, Nov 30 (Reuters) - Confidence among British
businesses fell to its lowest level in November since July as
companies faced new COVID-19 restrictions but firms turned less
pessimistic after news of a breakthrough in developing a
vaccine, a survey showed on Monday.
Lloyds Bank's business barometer sank by 3 points to -21 for
the month as a whole, hit by nervousness about Britain's chances
of a post-Brexit trade deal as well as the pandemic measures.
But responses in the second week of the survey saw
confidence rise by three points to -15, coinciding with the Nov.
9 announcement by Pfizer Inc about the effectiveness of a
coronavirus vaccine developed with German partner BioNTech.
Lloyds' survey of 1,200 firms was conducted between Nov. 2
and 16, covering the start of a month-long lockdown for England.
A third of firms planned a pay freeze, up from 14% at the
start of 2020, Lloyds said.
(Writing by William Schomberg; editing by Michael Holden)