£65.5b worth of investments delayed
40% of large firms in UK scale back due to post-Brexit lack of clarity
London
UK businesses have delayed or cancelled investments worth £65.5 billion (S$115.9 billion) since the vote to leave the European Union (EU), with more than 40 per cent of large companies scaling back, according to a new survey.
Executives have been reluctant to follow through on spending plans because of a plunge in the pound and a lack of clarity over the UK's future relationship with the EU, according to the study published on Monday by the Centre for Economics and Business Research (CEBR) and Hitachi Capital UK.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April