Most UK firms plan to invest less in next three years, finds survey
by Phillip Inman from Economics | The Guardian on (#55XJA)
Covid-19, risk of no-deal Brexit and geopolitical tensions are dragging down spending
Almost two thirds of companies plan to cut investment spending over the next three years as they look ahead to a slow recovery that will delay almost half from clawing back pre-Covid-19 levels of sales before next summer.
A survey of finance directors by the accountants Deloitte found that 65% said a combination of the coronavirus pandemic, the potential for a no-deal Brexit and worsening geopolitical conflicts has forced them to reduce capital spending.
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