Brexit crisis pushes UK business expectations to weakest since 2011: CBI

FILE PHOTO: Canary Wharf and the City of London financial district are seen from an aerial view in London, Britain, August 8, 2019. REUTERS/Hannah McKay/File Photo

The Confederation of British Industry’s gauge of private sector activity held steady at -6% in the three months to September, the same as in the period to August. Business investment has stagnated since the 2016 Brexit vote, leaving the economy more reliant on household spending for its growth. Prime Minister Boris Johnson has promised Britain will leave the EU on Oct. 31 with or without a deal and has said he would not seek an extension even if the conditions of a recently passed bill were met, forcing him to do so.

The Labour Party and the LD still want the BREXIT to be delayed again and again. Ridiculous...

IndKingCountyWA Is it just me, or do others see similarity between Boris and trump Sorry, maybe I am having a nightmare that these two countries are on the same track

Surrender monkeys are destroying the place.

I'm concerned about the UK, growth-wise...Start cutting those regulations, Boris. Clean water and air are bulwarks...

Democracy...

Nonsense

yes I already reported this the UK won't even make it now without a major recession

ew, that's what it looks like?

If a lot of the Brit haters would leave GB and bugger off to their more favoured countries then it would relieve the negativity....

CBI full of bed wetting remoaners

Exit, with or without a deal, on 31 Oct is better than extension as the uncertainty is the biggest challenge to the economy. If there is another extension, politicians better to make a clear roadmap on how to solve this mess. A second referendum could be a solution

A bad idea

Who'd have seen that coming with a rolled up paper? FFS.

If there is any chance whatsoever of Corbyn getting near No10 they will run for the hills in masses.

Just let it happen already, God damn.

Wecome to the world of nationalism

dont breit

Those Russians are clever.

Do they believe in Good Samaritains?!? Seems it would be the easiest of 17 evils...

fake news...

“Crisis”

And a no deal will just lead to longer term issues, whilst the government tries to hash trade deals together and prevent a recession... not that they will really care though, as their friends in the wealthy 1% will still have their tax havens and always make money from chaos.

CBI see strongest growth and job figures and says 'weakest expectations'

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UK business secretary Leadsom says economy could withstand a no-deal Brexit: FTUK business secretary Andrea Leadsom said Britain's economy is robust and t... UK has economy? I expect she knows because she 'is a mother'..... She works for Boris Johnson. She is AFRAID to lose her job
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Brexit uncertainties to have little effect on UK-exposed stocks, analysts sayFor companies that take in a significant portion of their revenue from the UK, the drawn-out Brexit saga has taken a backseat to other issues despite parliament disarray and an impending Brexit vote that could leave the UK crashing out of the EU with no deal, according to analysts. Yes that makes total sense The EU is moribund with its negative rates. A hard Brexit will force change. Merkel's, let's decay slowly policies, are a disaster
Source: CNBC - 🏆 12. / 72 Read more »