The latest BCC Quarterly Economic Survey …
- "Our findings should serve as a clear warning that the ongoing impasse at Westminster is contributing to a sharp slowdown in the real economy across the UK. Business is hitting the brakes hard," BCC director general Adam Marshall said.
Reuters report on the survey results:
- BCC said growth in services exports, which account for about 45 percent of total exports, slowed to their weakest rate since 2009
- Its gauge of firms' cashflow turned negative for the first time since 2012
- investment intentions for both manufacturers and services firms were the weakest in over eight years
More from BCC director general Adam Marshall:
- politicians... needed to stop "chasing rainbows" and instead find a consensus over Brexit.
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BCC survey
- the largest of its kind
- covered more than 7,000 companies
- between February 18 and March 11
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Earlier in the session, Brexit news (for chronology, read from the bottom up):
- Brexit - UK Sun reports a final round of indicative voting on PM May's deal expected Thursday
- Brexit news from the UK Times - Hammond to tell Cabinet may have to consider referendum
- The Brexit 'where to from here' guide (if you guessed MOAR meetings, MOAR votes, correct!)
- GBP extending its losses after the UK parliament collapses into incoherence yet again
- Brexit - UK parliament votes to reject everything (again)
