A growing number of large British-based businesses are prioritizing cashflow, fe...
- A growing number of large British-based businesses are prioritizing cashflow, fearing a downturn, as their view of the long-term economic impact of Brexit has darkened to its most negative so far, accountancy firm Deloitte said on Monday.
Some 81 percent of chief financial officers surveyed expect Brexit to lead to a long-term deterioration in Britain’s business environment, the highest since the question was first asked at the time of June 2016’s referendum on leaving the European Union. Deloitte carried out the survey between March 26 and April 7, just after it became certain Britain would not leave on the long-planned date of March 29, and before British Prime Minister Theresa May secured a delay of up to six months.
Official data last month showed British business investment fell every quarter of 2018, the longest decline since the 2008/09 financial crisis.
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