Lloyds says that the levels of business confidence in the UK have reached the highest since 2015

BLON London (Reuters) -The levels of trust between British employers reached the highest new level in nine years this month as companies became more optimistic about expectations for the economy, according to a survey published on Monday.

Barometter LLOYDS BAROMERER increased by one point to 51 %, which is the highest since November 2015, adding to a jump from 11 points in May after stumbling in April when US President Donald Trump announced a great leap in the import tariff, many have been suspended since then.

The survey scale touched on economic optimism to a 10 -month rise, and rose by a point after an increase of 16 points in May.

Han Joe Ho, the chief economist of Lloyds, said that the increase in employment intentions – with 60 % of companies expect higher employment levels next year – employers suggested preparing for future growth.

The Bank of England is closely monitoring the British job market as it tries to measure the amount of inflation pressure in the economy. The ruler Andrew Billy said last week that he saw signs of slowing down in the labor market, partly due to the government’s tax increase for employers, which started in April.

But the Lloyds survey showed that wage growth expectations have increased for the second month in a row, with 36 % of the respondents an increase in wages by 3 % or more.

The separate numbers published by Jobs Adzuna, UK employees decreased in May, but rose 0.5 % compared to May of last year, which is the third increase in one row more than a year after the fall.

Andrew Hunter, co -founder of Adzuna, said:

The Confederation of the British Industry (CBI) said that the measure of its expectations between companies about the economy over the next three months was less negative than it was in May, but it remained weak after the tax increase on employers and geopolitical turmoil.

“Companies are still struggling with high costs of employment, cautious spending behavior by families and increasing global uncertainty,” said Alpesh Paleja, CBI.

(Written by William Shomberg; Edited by Helen Popper)