UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey

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Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said.

Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or stockpile products if no clarity emerges soon on Britain’s future relationship with the European Union after Brexit, according to the Confederation of British Industry. In a survey of 236 companies, it found that 41 percent have already implemented some contingency plans.
The time until Britain left the world’s largest trading bloc means that the talks in Brussels are locked. This is due to the confidence in the company in the British economy. Companies can make changes in their operations as they strive to find out what the future trade conditions with the EU will be. They’re not going to continue, they’re getting ready to take out the slightest scenario of England from the block.

CBI Director-General Carolyn Fairbairn, as long as ıcı no deal sürece remains a possibility, the impact of the US economy is corrosive to jobs and societies. Acil The situation is now urgent. The speed of the interview is left behind when the companies look at the ground. Görüşme

CBI said it is too late for 19 percent of companies to end implementing more damaging emergency plans. This month will be 15 percent later, 24 percent next month, and 24 percent later in December.

“As long as a Towing Agreement is not locked until December, companies will push the button on emergency plans,” Fairbairn said. ”Jobs will be lost and supply chains moved.“

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