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UK firms cut investment plans as Brexit alarm hits new high

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British companies are more worried about Brexit than at any time since the 2016 referendum decision to leave the EU and they plan to reduce investment and hiring. FMTNews Brexit

British companies are worried about Brexit now more than ever, according to a Deloitte-conducted survey.

Only 4% said it was a good time to take on more balance sheet risk, the lowest percentage since the collapse of Lehman Brothers in 2008 which helped trigger the financial crisis. Almost two-thirds of the CFOs surveyed by Deloitte expected to cut hiring in the next three years as a result of Brexit and 47% expected to reduce capital spending.

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