British companies could cut their investment plans by most in 10 years in 2019, courtesy of Brexit, even if UK’s PM Theresa May secures a deal to ease out of the European Union (EU), British Chamber of Commerce (BCC) said on Monday. Economic forecasts BCC lowered its 2019 GDP forecast for the UK’s economy to 1.2 percent from the previous estimate of 1.3 percent. Business investment is seen falling by an annual 1.0 percent in 2019 but is still expected to grow by 0.6 percent in 2020 and 1.1 percent in 2021. Key quotes by BCC’s director general, Adam Marshall Political inaction has already had economic consequences, with many firms hitting the brakes on investment and recruitment decisions. Some companies have moved investment and growth plans as part of their contingency preparations and some of that may never come back to the UK. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: Monitoring rising wedge breaking points FX Street 4 years British companies could cut their investment plans by most in 10 years in 2019, courtesy of Brexit, even if UK's PM Theresa May secures a deal to ease out of the European Union (EU), British Chamber of Commerce (BCC) said on Monday. Economic forecasts BCC lowered its 2019 GDP forecast for the UK's economy to 1.2 percent from the previous estimate of 1.3 percent. Business investment is seen falling by an annual 1.0 percent in 2019 but is still expected to grow by 0.6 percent in 2020 and 1.1 percent in 2021. Key quotes by BCC's director general,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
