Economy. UK’s largest companies have doubts about the future after the referendum on brexit and have significantly reduced their investment plans, according to a survey by Deloitte.
82 percent of the surveyed CFOs among companies listed on the FTSE 350 and other large private companies expect to cut investment in the next year, the highest proportion since the survey began to be made in 2007 and up 34 percent compared with the first quarter of this year.
the survey is one of the first clear signals that the referendum on leaving the EU has dented business confidence and confirms the central bank the Bank of England view that the economy will weaken soon.
the study was conducted between 28 June and 11 July, after the referendum, and just before Theresa May took over as Britain’s new prime minister.
Almost all surveyed CFOs said the uncertainty facing corporations is higher than normal.
at the same time other digits to trade at the country’s major shopping streets and centers in June fell at the fastest pace in over two years, down by 2.8 percent compared a year earlier, and by 0.3 percent compared to May, according to the trade association the British retail Consortium.
No comments:
Post a Comment