Money Brexit is now directly damaging business investment in Britain

00:15  17 july  2017
00:15  17 july  2017 Source:   MSN

German business bosses warn Theresa May over Brexit deal

  German business bosses warn Theresa May over Brexit deal German business leaders have cast doubt on ministers' claims that the country's manufacturers will help secure a Brexit trade deal, instead warning Theresa May it will be "extraordinarily difficult" to protect UK industry.German business leaders have cast doubt on ministers' claims that the country's manufacturers will help secure a Brexit trade deal, instead warning Theresa May it will be "extraordinarily difficult" to protect UK industry.

LONDON — Brexit is now directly affecting the investment decisions of British firms, according to a survey from the Confederation of British Industry. × Recommended For You Powered by Sailthru. Brexit is now directly damaging business investment in Britain .

Brexit is now directly damaging business investment in Britain . “We are forecasting for prices to come down between 1 to 5 per cent this year before reaching an inflection point in 2018,” said Eli Lee, an analyst for OCBC Investment Research.

Westminster, London, Storm © Provided by Business Insider UK Westminster, London, Storm

Brexit is now directly affecting the investment decisions of British firms, according to a survey from the Confederation of British Industry.

Its survey of 357 businesses found over 40% of businesses said Brexit has affected their investment decisions. Of those, 98% said the impact has been negative.

The companies which reported Brexit had negatively influenced their investment decisions cited general uncertainty over the UK's future.

The only positive impact they reported was the relative weakness of the dollar against the sterling.

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Brexit is now directly damaging business investment in Britain . ‘I was having nightmares for a few weeks’: Box CEO Aaron Levie reveals how hard it was to build a .5 billion business and take it public by age 29.

For the majority of businesses in Britain the possibility the UK might leave the European Union – Brexit – is a major source of concern. Both the break with the EU and the uncertainty associated with it would be bad for business and damaging to the UK economy. A great deal has now been written on

Almost 60% of firms that responded to the survey said that Brexit had not affected their investment decisions.

The CBI, which represents 190,000 UK businesses, has been emboldened in its calls for a softer Brexit since Prime Minister Theresa May lost her parliamentary majority in June's general election, which many saw as a loss of her mandate for a hard Brexit.

Last week it doubled down on its call for Britain to stay in the Single Market and customs union until a final EU deal is in force.

Rain Newton-Smith, CBI's chief economist, said:

"It is reassuring that the majority of businesses that responded to our survey do not feel that Brexit has changed these vital spending plans.

"But we must have our eyes wide open: an overwhelming number of those that did report an impact said it was negative. Government must do all it can to reverse this. Today’s investments are tomorrow’s jobs.

British Chambers of Commerce says business growth static, urges Brexit clarity

  British Chambers of Commerce says business growth static, urges Brexit clarity The British Chambers of Commerce said on Thursday that consumer-facing businesses had suffered in the face of higher inflation over the past three months and that a better outlook for exporters was too little to compensate. Whether stronger exports can offset a squeeze on consumer demand is the key question for Britain's economy as it grapples with the effect of last year's sharp fall in sterling following the vote to leave the European Union.The Bank of England predicts the overall effect will be modest, and could raise interest rates for the first time in a decade later this year if that continues to be the case.

Brexit is now directly damaging business investment in Britain . Nail Technician License Ny. Best and worst gaming laptop brands 2017 (Engadget). Galaxy's Edge is Disney's newest theme park land video - CNET. The US military has released the first footage of Marine artillery striking ISIS in Syria.

Brexit is now directly damaging business investment in Britain . Nail Technician License Ny. Best and worst gaming laptop brands 2017 (Engadget). Galaxy's Edge is Disney's newest theme park land video - CNET.

"The Government’s increasingly clear commitment to a single transition stage is welcome. Firms are making investment decisions right now, that will last for years to come. They need more sense of clarity and continuity to support jobs and prosperity.

"To help British business remain optimistic and keep uncertainty at bay, the Government must work quickly to agree the terms of the transition and future trading arrangements."

Related: Blair: 'Absolutely necessary' Brexit does not happen (Provided by Sky News)

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No Brexit deal could tip UK into recession, warns Moody's .
The UK economy could be tipped into recession if Britain fails to land a deal with the European Union, a credit ratings agency has warned.  Moody's said the outcome would trigger "significant macroeconomic disruption", leading to slower growth as unemployment and inflation rise. While it claims the possibility of a "no deal" scenario is "substantial", it still expects an agreement to be reached between the UK and the 27-nation bloc.

Source: http://uk.pressfrom.com/news/money/-185967-brexit-is-now-directly-damaging-business-investment-in-britain/

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