Brexit wiped out £7.7bn of business investment, says Bank of England
MsCYPRAHFeb 12, 2018, 2:37:45 PM
FULL STORY by Tommy Stubbington: The TIMES…..
QUOTE~~~
Businesses spent as much as £7.7bn less on new factories and equipment in the year after the EU referendum because of Brexit uncertainty, according to analysis by the Bank of England.
The survey of 1,200 companies, published with the Bank’s quarterly inflation report last week, suggests corporate investment was about 3%-4% lower in the 12 months to June 2017 than it would have been — a loss of between £5.7bn and £7.7bn.