British companies look set to cut investment by the most in 10 years in 2019 bec...
LONDON - British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday.
Weak investment by companies drags on productivity which puts a brake on wage rises and weighs on the overall economy. Many financial firms have set up operations in other EU countries and carmakers have reduced their expansion plans in Britain. BMW said this month it could move some output in the event of a no-deal Brexit.
But the BCC said that the diversion of resources to prepare for the risk of a no-deal Brexit and the high up-front costs of doing business in Britain, as well as questions over Britain’s future ties to the EU, would limit any quick investment rebound. That would be the economy’s weakest growth in a decade, reflecting a slowdown in the global economy as well as Brexit.It said its forecasts assumed that Britain would avoid a disorderly exit from the EU.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Brexit spurs biggest cut in UK business investment in 10 years: BCCBritish companies look set to cut investment by the most in 10 years in 2019 bec...
Consulte Mais informação »
Just 10 stocks have accounted for a quarter of the 10-year bull market's returnThe bull market's historic 10-year run is due in large part thanks to the success of a handful of high-powered stocks, Goldman Sachs calculates.
Consulte Mais informação »
10 Inspiring Winning Photos Of National Geographic Traveller (UK) Competition 2019It's a level playing field for professionals and amateurs alike. And the results are simply stunning.
Consulte Mais informação »
European, UK shares rally after UK parliament votes down no-deal BrexitEuropean shares rallied to five-month highs on Thursday after Britain's par...
Consulte Mais informação »
UK Brexit minister says no Brexit is bigger risk than no dealBritain's Brexit minister Stephen Barclay said on Wednesday a failure to le...
Consulte Mais informação »
Here's how much grads earn 10 years after attending the most expensive colleges in AmericaWe took a look at what the median student at the 20 most expensive colleges in the US earned 10 years after attending those schools.
Consulte Mais informação »
Lawyer: US Navy veteran held in Iran sentenced to 10 yearsDUBAI, United Arab Emirates (AP) — A U.S. Navy veteran from California has been sentenced to 10 years in prison in Iran, his lawyer said Saturday, becoming the first American known to be imprisoned there since President Donald Trump took office.
Consulte Mais informação »