Brexit spurs biggest cut in UK business investment in 10 years: BCC

LONDON: British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday.

"Worse still, some companies have moved investment and growth plans as part of their contingency preparations. Some of this investment may never come back to the UK." But the BCC said that the diversion of resources to prepare for the risk of a no-deal Brexit and the high up-front costs of doing business in Britain, as well as questions over Britain's future ties to the EU, would limit any quick investment rebound.

"A messy and disorderly exit from the EU would do real and lasting damage to the UK's economic prospects," Marshall said.

Deliberately downbeat Remainer pro EU forecast.

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