UK finance minister Philip Hammond on Wednesday said uncertainty over Brexit was the principal reason for weak business investment, but that firms believed delaying the country’s EU exit was better than the potential alternative, ONA reports citing Reuters.
“It’s definitely the case that business investment is significantly below where we would expect it to be at this stage of the cycle ... it’s pretty clear to me that the principal reason is uncertainty created by the continuing process of working out how we are going to exit from the European Union,” he told a parliamentary committee.
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