British businesses reported a fall in Brexit-related uncertainty last month, acc...
FILE PHOTO: A bird flies past The Bank of England in the City of London, Britain, December 12, 2017. REUTERS/Clodagh Kilcoyne/File Photo
LONDON - British businesses reported a fall in Brexit-related uncertainty last month, according to a Bank of England survey that was conducted before and after Prime Minister Boris Johnson’s landslide election victory on Dec. 12. The BoE said a gauge of Brexit uncertainty in its monthly Decision Makers’ Panel survey fell to a six-month low in December.
However, 42% of respondents said they did not expect Brexit uncertainty to be resolved until 2021 at the earliest, up from 34% in November, the BoE said. Johnson has said he will clinch a deal settling Britain’s future trade ties with the European Union before a deadline on Dec. 31 2020.Reporting by Andy Bruce; Editing by William Schomberg
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The UK economy 'limped' into the new decade as the UK heads towards Brexit - Business InsiderThe British Chamber of Commerce's end of year survey painted a gloomy picture of Britain's economy as the country prepares for Brexit.
Read more »
UK Labour Party Brexit spokesman Starmer ahead in leadership race: pollKeir Starmer, Brexit spokesman for Britain’s opposition Labour Party, has emerged as the early front runner in the race to succeed Jeremy Corbyn as leader, according to a poll of members.
Read more »
Forget Brexit, the UK economy has these 3 other major risks | Markets InsiderThere are at least three other potential shocks that could be as significant to the UK as Brexit. To cope with the issues, it will require adept...
Read more »
With Brexit looming, E.U. nationals face ‘humiliation’ of applying to stay in the U.K.With Britain set to leave the European Union at the end of January, European citizens living in the U.K. have been forced to apply for permission to stay in the country after it pulls out of the 28 nation bloc.
Read more »
Lewis Capaldi & Ed Sheeran Lift U.K. Streaming to Record High in 2019: BPILewis Capaldi was the U.K.'s best-selling artist of 2019, as more than 110 billion tracks were streamed by British music fans for the first time in a single year.
Read more »
Apple revives relationship with Imagination Technologies, the UK chip designer it ditched in 2017Imagination Technologies announced a new license agreement with Apple that will grant the company access to its intellectual property.
Read more »