Investment to slow as Brexit uncertainty bites

Britain’s manufacturers are set to pare back their investment in plant and machinery over the next two years in response to increased uncertainty about the demand outlook, according to an annual survey published by EEF and Santander.

In addition, a hefty spike in political uncertainty since the Referendum, the highest in the history of the survey, is adding another layer of complexity to manufacturers’ investment plans. This double whammy of demand and political uncertainty is inevitably adding caution to manufacturers’ investment decisions.

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