BOE Finds Its Brexit Warnings Coming True in Company Plans

August 10, 2016 11:04 AM

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The Bank of England is starting to see its Brexit predictions show up in the plans of U.K. companies, which are scaling back job creation and investment.

A survey of firms by its representatives across the country found that “the result of the European Union referendum would have a negative effect, overall, on capital spending, hiring and turnover over the coming year,” the BOE said in its agents’ summary of business conditions. “Employment and inves...

Also read: House of Lords begins debating Brexit bill

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