Outlook for UK business darkens fast ahead of Brexit, BCC warns

Fading exports and worsening finances spurred a darker outlook for British compa...

LONDON - Fading exports and worsening finances spurred a darker outlook for British companies last month, hurt by a slowing global economy and political chaos around Brexit, a survey showed on Tuesday.

Britain had been due to leave the EU on March 29 but Prime Minister Theresa May was forced to ask the EU for a delay after the country’s parliament refused to back the exit plans she had negotiated with Brussels. Its gauge of firms’ cashflow turned negative for the first time since 2012 and investment intentions for both manufacturers and services firms were the weakest in over eight years.

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