UK Manufacturers Suspend Investment Plans in the Next Two Years
Political uncertainty causes the British manufacturers to be discouraged from spending. They are agitated that the economy will slow down next year that pushes back the investment plans of the companies. The survey of 600 companies showed an increase in polls from 54% in 2015 climbed to 60% this year while they intend to spend less or the same in the next two years.
Exports also boosted with the depreciation of pound as it become more contending in the market. Data has improved from March to August with high demand in Europe and United States however, the domestic outlook is not performing well. Experts see this as just the beginning and there will be more serious problems after Brexit negotiations have been settled.