no-deal planning: The length of the downturn was already poised to exceed the slump after the 2008 financial crisis, when business investment fell by a greater degree but only for two years, according to The Guardian. The business lobby group warned that relentless Brexit uncertainty was preventing firms from investing and diverting resources into no-deal planning. Paving the way for the longest period of annual declines in business investment since the turn of the millennium when the dotcom bubble burst to drag down investment around the world the BCC said investment in the UK was due to fall for three years in a row. Those funds might have otherwise been spent on improving economic productivity or developing new products in the UK. Separately, the Institute of Directors IoD has called on the UK and EU to compromise to chart a way forward on Brexit while urging both to improve no-deal planning efforts. A clear majority of IoD members have repeatedly expressed concern that a disorderly Brexit would damage their organisations. The institute has published survey about the impossible situation facing business leaders.
(news.financializer.com). As
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Tagged under no-deal planning, business topics.