Business News Round Up (21/06/19)
Bank of England cuts growth forecasts amid Brexit fears
The Bank of England has said it expects economic growth to fall to 0% in the second quarter of 2019, with initial growth estimates predicted at 0.2%.
Foreign direct investment to take a hit from Brexit
A new survey, the UK Attractiveness Survey Special Report: Bridging the Gap, has found that the UK’s recent levels of foreign direct investment are not sustainable, with 36% of global investors expecting the UK’s attractiveness to deteriorate over the next three years, while 30% are considering moving assets out of the UK.
https://www.consultancy.uk/news/21657/foreign-direct-investment-to-take-hit-from-brexit
Just one in ten Scots farmers positive about future post-Brexit
Results of a Brexit confidence survey have revealed that ongoing uncertainty surrounding Brexit is knocking confidence levels for those in Scottish agriculture, with only one in ten Scottish farmers having a positive outlook once the UK leaves the EU.
Northern Powerhouse ‘undermined’ by austerity, five years on
A new think tank has said the Northern Powerhouse is being ‘undermined’ by austerity despite signs of economic growth.
https://www.bbc.co.uk/news/uk-england-48664613