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U.K. Sees $82 Billion Investment Hit as Brexit Tariffs Tallied

  • One-third of firms delayed or abandoned spending since vote
  • Businesses face hefty tariffs, warns former trade commissioner
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U.K. businesses have delayed or canceled investments worth 65.5 billion pounds ($82 billion) since the vote to leave the European Union, with more than 40 percent of large companies scaling back, according to a new survey.

Executives have been reluctant to follow through on spending plans because of a plunge in the pound and a lack of clarity over the U.K.’s future relationship with the EU, according to the study published Monday by the Centre for Economics and Business Research and Hitachi Capital U.K.