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Confidence in prospects for the UK economy among the country’s leading fintech founders has fallen to an alarming new low.

An annual survey of 500 leaders in an explosively growing sector in which London leads the world reveals pessimism about the state of the UK economy has surged in a year.

The research, published less than a fortnight before what is expected to be a heavily tax-raising Budget from Rachel Reeves , found that 81% are not confident about the general economic outlook for the next 12 months, up from 46% a year ago.

However, when it comes to thei

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