UK survey shows business leaders cutting back on investment

LONDON — A British business association says company directors are holding back on investing in staff and technology amid uncertainty about political changes ahead of the country's departure from the European Union.

The Institute of Directors says Friday that half of the 900 directors surveyed said economic conditions in the U.K. and the uncertain trading status with the EU were hurting their businesses.

Chief economist Tej Parikh says the nature of Brexit is "still ambiguous" and with another shake-up of key government personnel in motion, businesses are hesitating "to the detriment of U.K. productivity growth."

Foreign Secretary Jeremy Hunt and former London Mayor Boris Johnson are competing to replace Prime Minister Theresa May, who is quitting as leader of the Conservative Party and the country after Parliament rejected her Brexit deal.

You may also interested in

Yahoo issues another warning in fallout from...

Feb 15, 2017

Yahoo is warning users of potentially malicious activity on their accounts between 2015 and 2016

UK judge says Tunisia police 'shambolic' during...

Feb 28, 2017

The Tunisian police response to a deadly gun attack on a popular beach resort was "at best...

Fox harassment claims create clouds around Sky...

May 9, 2017

A U.K. scandal torpedoed Rupert Murdoch's first attempt to take control of Britain's Sky TV

An alert researcher, teamwork helped stem huge...

May 14, 2017

An alert researcher, a cheap domain name, cross-ocean cooperation helped stem effects of cyberattack

Billion dollar race to break 2-hour marathon mark...

May 17, 2017

Nike, Adidas and Vodafone are all backing separate plans to break a key barrier in athletics: a...

Sign up now!

About Us

Future Science Today reports on captivating developments in science, medicine, technology, and the world around us.

Contact us: sales[at]futuresciencetoday.com