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.

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