UK's Hammond: Substantial increase in business investment expected once Brexit is resolved
|British finance minister Philip Hammond recently crossed the wires saying that they were expecting a substantial increase in business investment once the Brexit uncertainty is resolved.
Key quotes (via Reuters)
- Process for finding a new BoE governor is getting underway.
- Our focus is to get a Brexit deal through parliament as quickly as possible.
- Talks with Labour have created a more constructive environment for Brexit talks.
- No-deal Brexit no longer an immediate threat but risk hasn't been removed altogether.
- U.S.Treasury and Fed have been very helpful in managing Brexit no-deal risks.
- UK will have some work to do to restore its reputation after Brexit.
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