Brexit effect on UK economy may be worse than thought, says CBI
“..the number of companies going bust in the last three months jumped 35% on the previous quarter to the highest level since 2013.” Construction the worst affected with retail close behind” theguardian.com/politics/2019/…
“..the number of companies going bust in the last three months jumped 35% on the previous quarter to the highest level since 2013.” Construction the worst affected with retail close behind” theguardian.com/politics/2019/…
Scaling back on machinery and IT the worst since 2008
Both the construction and manufacturing sectors have entered a prolonged recession, leaving the services sector to keep the economy afloat over the last year.
Both the construction and manufacturing sectors have entered a prolonged recession, leaving the services sector to keep the economy afloat over the last year.
optimism about exports for the year ahead deteriorated by the greatest degree in 18 years.
.....Firms’ expectations for investment in buildings in the next year reached a balance of -44% while investment in plant and machinery covering the next 12 months dropped to a balance of -34%. Training budgets were cut to leave the balance at -28%.
“Adding to a string of figures indicating that industry was in the midst of a long recession, the CBI said job losses were accelerating at the fastest rate since 2010, adding that firms were anticipating an even sharper increase in layoffs the following quarter.”
Boris Johnson. The reverse Santa
