UK economy will revive in 2021 but full recovery not likely until 2022, says CBI
by Phillip Inman from on (#5BF0X)
Brexit uncertainty and business jitters caused by Covid lockdowns will delay investment rebound
Britain's economy will bounce back next year from the Covid pandemic but a fifth year of weak business investment will delay a full recovery until the end of 2022, according to CBI forecasts.
A combination of Brexit uncertainty, which is expected to continue into next year with or without a deal, and the blow to business confidence during the first and second lockdowns will delay a rebound in private sector investment.
Continue reading...