Businesses Are Getting More Pessimistic Over Brexit
- Most pessimistic executives expect a 10% reduction in sales
- Exit from EU has lowered investment by 3-4 percentage points
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Businesses are getting more pessimistic about how Brexit will impact them, according to a Bank of England survey.
The most downbeat businesses expect a reduction in sales of more than 10 percent due to the U.K.’s withdrawal from the European Union, while the most optimistic expect a boost of about 1 percent or more, the BOE said.