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As reported by Reuters, a survey from KPMG accountancy firm shows that UK executives are increasingly downbeat on the UK’s economic growth trajectory.

Key quotes

“Just 38 percent of chief executive officers think revenue will rise by 2 percent or more per year over the next three years, down from 47 percent in 2017 and 58 percent in 2016’s survey.

Instead, 61 percent of company heads said they expected growth of between zero and 2 percent per year, up from 54 percent last year.

A Bank of England survey of companies published last week showed investment intentions in services firms had weakened slightly, reflecting uncertainty around the terms of Britain’s departure from the European Union, due in March 2019.

“A return to territorialism” was ranked as the biggest threat to growth by British company bosses, the survey showed.”