No-deal threat causes sharpest investment drop since 2009 recession
by Richard Partington Economics correspondent from Economics | The Guardian on (#4JPDV)
CBI warns uncertainty is crippling UK economy with country at risk of lagging behind G7 competitors
The rising threat of no-deal Brexit has set Britain on course for the biggest decline in business investment since the financial crisis, the Confederation of British Industry has warned.
Paving the way for weaker future economic growth, the CBI warned that business spending in the UK economy was set to decline by about 1.3% in 2019 compared with a year ago - the steepest drop since the last recession in 2009.
Continue reading...