Brexit Impacts on Investment
21 July 2017
According to a CBI survey of 357 businesses, both members and non-members, over 40% of businesses say that Brexit has affected their investment decisions. Of those, 98% say that the impact has been negative.
Companies reporting that Brexit had negatively influenced their investment decisions cited general uncertainty over the UK’s future relationship with the EU.
In contrast, the weakness of sterling against the dollar was viewed as the only positive impact.
Businesses are making investment decisions now and need more sense of clarity and continuity to support jobs and prosperity. The Government must work quickly to agree the terms of the transition and future trading arrangements.