John T
2016-09-23 20:31:28 UTC
"British companies scaled back their investment plans in the month after
Britain voted to leave the European Union, a survey by Lloyds Bank showed on
Monday, a further sign the decision is likely to have a lasting impact on
the economy.
The bank's overall business confidence index, which averages the expected
sales, orders and profits of 1,500 companies over the next six months, fell
to a four-year low of 12 percent from 38 percent in January, Lloyds said.
Companies taking part in the survey, mostly small and medium-sized
enterprises (SMEs), expected to export less and were much less likely to
hire or increase capital spending."
http://www.hl.co.uk/news/2016/9/19/uk-firms-reined-in-investment-plans-after-brexit-vote
John.
Britain voted to leave the European Union, a survey by Lloyds Bank showed on
Monday, a further sign the decision is likely to have a lasting impact on
the economy.
The bank's overall business confidence index, which averages the expected
sales, orders and profits of 1,500 companies over the next six months, fell
to a four-year low of 12 percent from 38 percent in January, Lloyds said.
Companies taking part in the survey, mostly small and medium-sized
enterprises (SMEs), expected to export less and were much less likely to
hire or increase capital spending."
http://www.hl.co.uk/news/2016/9/19/uk-firms-reined-in-investment-plans-after-brexit-vote
John.