CBI says business is ‘stuck in neutral’ with low confidence
and diverted investment hurting firms
British firms are “praying for an extension to article 50”
rather than face a no-deal Brexit as it emerged that foreign
investment has fallen steeply and the outlook for growth has
slumped to a six-year low.
The Confederation of British Industry said that firms’
reported growth prospects were at their weakest for almost six
years, while other research shows the number of acquisitions of UK
companies by foreign buyers is falling 11% year on year.
Source: FS – All-News2-Economy
No-deal Brexit: UK firms 'praying' for article 50 extension, says KPMG