Businesses are looking to mitigate potential Brexit risks regarding market access, despite the attractiveness of exporting, while investments waver.
Brexit is an “important source of uncertainty” for many UK companies, and is impacting on investment decisions, according to a new Bank of England report.
The quarterly agent’s report, published by the Bank of England, pulls together assessments from across the UK of local economic and financial conditions. The agents are described by the bank as its “eyes, ears and voice” across the regions.
Brexit is moving up the agenda for businesses questioned by the agents. Those citing Brexit as “not important” has fallen to its lowest level since it began reporting, while being the largest source of uncertainty for a growing number
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