Only 13% of UK CFOs (compared to 24% in July) are more optimistic about the prospects for their company than they were three months ago, according to a report by Deloitte.

In addition, 79% of CFOs say they expect the long-term business environment to be worse as a result of leaving the EU, up from 75% in the second quarter of 2018. This is the third consecutive quarterly rise, to the highest level since the referendum.

Meanwhile, the British Chambers of Commerce says the UK economy is “stuck in a rut” because of uncertainty over Brexit and weaker confidence.

The group reveals in a survey that firms in the services sector, which represents 76% of UK GDP, had “given up” hiring staff and that the UK manufacturing industry had seen exports slow.