Britain facing most prolonged investment slump in 17 years
Rural businesses are often at the bottom of the pile when it comes to investment so this article provides little scope for cheer. It tells us:
Brexit uncertainty and a global economic slowdown amid the US-China trade war has set Britain on course for the most prolonged slump in business investment in 17 years, according to the British Chambers of Commerce (BCC).
Setting Britain on course for weaker economic growth in future, the lobby group said business spending in the UK was due to decline by 1.5% in 2019 and by 0.1% next year as companies put their investment plans on ice amid the global political turmoil.
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.