British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ...
LONDON: British companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc, an employers group said on Monday.
"Worse still, some companies have moved investment and growth plans as part of their contingency preparations. Some of this investment may never come back to the UK." But the BCC said that the diversion of resources to prepare for the risk of a no-deal Brexit and the high up-front costs of doing business in Britain, as well as questions over Britain's future ties to the EU, would limit any quick investment rebound.
"A messy and disorderly exit from the EU would do real and lasting damage to the UK's economic prospects," Marshall said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysian FB user who got 10 years for insulting Islam to undergo mental check-upKUCHING (THE STAR/ASIA NEWS NETWORK) - The Sarawakian Facebook user sentenced to 10 years' jail for insulting Islam will undergo mental observation following an order by the high court here.. Read more at straitstimes.com.
Read more »
Brexit backstop legal risk 'unchanged': UK attorney generalThe legal risk of Britain being stuck in EU trade arrangements after Brexit fundamentally 'remains unchanged', the UK government's chief legal ...
Read more »
UK PM May suffers blow ahead of big Brexit voteLONDON: British Prime Minister Theresa May's Brexit deal suffered a major blow ahead of a historic vote on Tuesday (Mar 12), when her chief ...
Read more »
Brexit fallout on UK finance intensifies: Think tankMore than 275 financial firms are moving a combined US$1.2 trillion in assets and funds and thousands of staff from Britain to the European Union ...
Read more »
Volkswagen's Scania sees China rebound, braces for Brexit hit to UK ordersVolkswagen-owned truckmaker Scania said on Thursday that demand in China had bounced back since the start of this year, but it was bracing for a ...
Read more »
Theresa May seeks way out of Brexit impasse after UK lawmakers vote against no-deal exitLONDON - Days after rejecting a deal governing the terms of Britain's withdrawal from the European Union, the British parliament has now also narrowly rejected the option of leaving the EU with no negotiated deal whatsoever.. Read more at straitstimes.com.
Read more »
EU needs to hear UK plan before deciding Brexit delay: BarnierThe European Union must hear from Britain how it plans to proceed with Brexit before deciding whether to delay the divorce, negotiator Michel ...
Read more »
Europe: London stocks fall before UK budget, Brexit vote[LONDON] London's stock market fell at the open Wednesday ahead of a budget update from the government and parliament's vote on whether to back a 'no deal' Brexit. Read more at The Business Times.
Read more »
UK government warns it might not hold pivotal Brexit voteBritish leader Theresa May's government warned Sunday it might not hold a planned Brexit vote this week unless it feels it can secure a win that ...
Read more »