U.K. Firms Reluctant to Invest After Brexit Vote, BCC Says
- Lobby group says government must act to lift confidence
- Visa report shows growth in consumer spending in September
Most Firms Tell BCC Sterling Is Too Low, Says Marshall
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U.K. businesses have become more cautious about the outlook and may be less inclined to invest and hire since the vote to leave the European Union, according to the British Chambers of Commerce.
Citing “muted business investment intentions,” the lobby group used its first quarterly survey since the Brexit vote to call on Chancellor of the Exchequer Philip Hammond to take steps to lift confidence, including approving new infrastructure projects.