UK survey shows business leaders cutting back on investment

LONDON — A British business association says company directors are holding back on investing in staff and technology amid uncertainty about political changes ahead of the country's departure from the European Union.

The Institute of Directors says Friday that half of the 900 directors surveyed said economic conditions in the U.K. and the uncertain trading status with the EU were hurting their businesses.

Chief economist Tej Parikh says the nature of Brexit is "still ambiguous" and with another shake-up of key government personnel in motion, businesses are hesitating "to the detriment of U.K. productivity growth."

Foreign Secretary Jeremy Hunt and former London Mayor Boris Johnson are competing to replace Prime Minister Theresa May, who is quitting as leader of the Conservative Party and the country after Parliament rejected her Brexit deal.

People also read these

China says it can't end North Korea nuke program...

Sep 12, 2016

China says the United States has inflamed the conflict on the Korean Peninsula and must carry the...

China starts 2017 engulfed by smog, issues...

Jan 2, 2017

Beijing and other cities across northern and central China are shrouded in thick smog, prompting...

China says some factories have violated anti-smog...

Jan 3, 2017

China's environmental ministry says an unspecified number of companies have violated measures meant...

China exports shrink as Trump trade tensions loom

Jan 13, 2017

China's exports fell back into contraction again last month, signaling renewed weakness for the...

China state media call Trump's Taiwan strategy...

Jan 16, 2017

China's state-run media says President-elect Donald Trump "speaks like a rookie" and called his...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!