- Reuters - UK Focus•3 months ago
British businesses are increasingly cautious about their investment plans as they worry about how the country's planned departure from the European Union will affect the economy this year, a survey showed on Tuesday. Business confidence in December remained at its second-highest level since Britain voted to leave the EU in June, polling firm YouGov (LSE: YOU.L - news) and the Centre for Economic and Business Research (CEBR), a think tank, said. The proportion of business decision-makers expecting investments to increase over the next 12 months fell to 29 percent from 31 percent in November, it showed.
- Reuters - UK Focus•4 months ago
LONDON, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - Britons' long-term expectations for inflation hit a more than two-year high this month, as consumers braced for a bout of higher prices after the pound's post-Brexit vote fall, a survey showed on Wednesday. The British public expected inflation in the next five to 10 years will reach 3 percent, the highest forecast since September 2014 and up from a November reading of 2.8 percent, Citi and pollster YouGov (LSE: YOU.L - news) said. The Citi/YouGov survey chimed with other gauges of inflation expectations from businesses and financial markets since June's Brexit vote, which prompted a sharp fall in the value of sterling.
- AFP•5 months ago
British Prime Minister Theresa May has said she will formally trigger the two-year divorce process by the end of March 2017 but Brussels and London face gruelling negotiations on a future trade deal
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