03 Jul '18, 10pm

Businesses at 'breaking point' over lack of clarity on Brexit

Businesses at 'breaking point' over lack of clarity on Brexit

UK COMPANIES are at "breaking point" over the lack of clarity on Brexit, and are slowing down their investments as they await answers to key questions surrounding Britain's departure from the European Union, one of the country's main business lobby groups said. Business confidence and investment intentions will continue to deteriorate until Prime Minister Theresa May ends the bickering in her Cabinet and delivers "urgent clarity on the practical, detailed issues that underpin trade", the British Chambers of Commerce (BCC) said. The government has made "limited progress" on just two of 23 issues where business seeks clarity, ranging from mobile-phone roaming arrangements to customs and tariffs, it said. sentifi.com Market voices on: "With the time running out ahead of the UK's exit from the EU, business patience is reaching breaking point," BCC director general Adam Marshal...

Full article: https://www.businesstimes.com.sg/government-economy/busin...

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