Business investment growth will sink to its lowest level since the financial crisis this year as Brexit uncertainty continues, the British Chambers of Commerce warns.
As companies delay decisions and shore up their finances, the lobby group says investment will fall by 1 per cent this year, down from a decline of 0.9 per cent last year. It would be the worst performance since 2009, when investment fell by 16.6 per cent.
The Bank of England said last month that investment by companies would fall this year by 2.75 per cent, citing Brexit uncertainty. Previously it had predicted a 2 per cent increase.
The BCC was founded in 1860 and represents about 75,000 businesses, which employ more than 5 million people. Adam Marshall, its director-general,