UK firms to cut investment by most in 10 years as Brexit drags on: BCC

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

British companies look set to cut their investment by the most in 10 years in 20...

LONDON - British companies look set to cut their investment by the most in 10 years in 2019 as the Brexit crisis drags on, weighing on future economic growth prospects, a survey showed on Monday.

The BCC nudged up its overall economic growth forecast for 2019 to 1.3%, reflecting a surge in stockpiling by companies before the original Brexit deadline in March. “Businesses are putting resources into contingency plans, such as stockpiling, rather than investing in ventures that would positively contribute to long-term economic growth,” Marshall said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🍀

We don't care, Brexit was never about more money, it was about restoring our freedoms and getting our sovereignty back. You don't understand what is being treated like a puppet from afar by people who care nothing about your well being.

Sounds like they need to get on with it already.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines