Many British businesses have abandoned investment plans worth over £65 billion since the vote to leave the European Union. More than 1,000 companies completed a survey conducted by the Centre for Economic and Business Research. The results found that the uncertainty surrounding the UK’s future and the falling value of sterling were slowing investments.
Nearly half of the large businesses surveyed said that they have cancelled investment plans since the Brexit vote in July and medium sized businesses have been the most sensitive to the outcome of the referendum.