UK economy hurts

The British government's hostile attitude towards business is damaging the economy and companies will move overseas if they continue to be unfairly attacked for warning about the dangers from Brexit, the City of London`s policy chief told Reuters.

A day earlier the foreign minister Boris Johnson was quoted by the Daily Telegraph newspaper dismissing business leaders` concerns about the impact of Brexit and using foul language in a meeting with European Union diplomats.

Catherine McGuinness, the political leader of the City of London, the local government that administers Europe`s biggest financial centre, said the government's relationship with business is the worst since she started working in 1983.

She said the relations between business and politicians are even worse than when taxpayers were forced to spend more than 133 billion pounds ($176.65bn) bailing out British banks at the height of the 2007-2009 global financial crisis.

`Some of the statements' we've heard
don't encourage you to think that we are an economy that welcomes business, McGuinness told Reuters in a restaurant nearthe Bank ofEngland.

`Business is very frustrated that we are not making progress. Secondly there is a huge amount of uncertainty around, and thirdly, whenever they try to say anything, which they do with care, they are slapped down.