Brexit: A clear warning that the ongoing impasse at Westminster is contributing to a sharp slowdown - BCC
|The British Chambers of Commerce’s quarterly economic survey, the largest private sector survey of business sentiment and leading indicator of UK GDP growth found that key indicators of UK economic health weakened considerably in the first quarter of 2019.
"Our findings should serve as a clear warning that the ongoing impasse at Westminster is contributing to a sharp slowdown in the real economy across the UK. Business is hitting the brakes hard,"
BCC director general Adam Marshall said."
- The balance of services firms reporting a rise in export sales at its lowest level in a decade.
- The balance of firms reporting improved cashflow turned negative for the first time since 2012.
- Investment intentions in both the manufacturing and services sectors at the lowest level for eight years.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.