British companies look set to cut their investment by the most in 10 years in 20...
LONDON - British companies look set to cut their investment by the most in 10 years in 2019 as the Brexit crisis drags on, weighing on future economic growth prospects, a survey showed on Monday.
The BCC nudged up its overall economic growth forecast for 2019 to 1.3%, reflecting a surge in stockpiling by companies before the original Brexit deadline in March. “Businesses are putting resources into contingency plans, such as stockpiling, rather than investing in ventures that would positively contribute to long-term economic growth,” Marshall said.
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