BoE’s Broadbent: constant Brexit delays are hurting investment
Deputy governor blames “repeated series of cliff edges” for poor UK investment
Uncertainty over Brexit has caused the longest decline in investment in the UK’s history outside a recession, Bank of England deputy governor Ben Broadbent has said.
Business investment fell in every quarter of 2018, Broadbent said in a speech on May 20.
Although preliminary estimates suggest investment recovered slightly in the first quarter of 2019, he said “the standard business surveys suggest the underlying trend is still negative”.
“This is remarkable at a time when profits are high
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