British Chambers of Commerce: Business investment deep freeze to continue in 2019
The UK’s leading business group forecast a decline of -0.6% for business investment this year following weaker than expected data. This is a sharp decline from the 1.0% growth previously forecast. The BCC also expects business investment to grow by just 0.1% in 2019, down from 1.2% growth in its previous forecast.
These worrying figures coincide with the repeated delays on agreeing the Withdrawal Agreement and Political Declaration on the terms of the UK’s exit from the EU and future trading arrangements. With firms looking on with utter dismay at the ongoing saga in Westminster, many have hit pause on major investment plans, including plant, machinery and premises…..