British economy loses steam as business investment wilts: surveys
Britain's economy appears to be losing steam, with major business surveys showing a marked slowdown in the services sector and boardrooms beset by doubt about the future following the country's vote to leave the European Union.
While the economy has fared better than most economists expected since June's Brexit vote - largely thanks to upbeat consumers - Monday's surveys will heighten concerns about its longer-term prospects.
Key measures of business investment and turnover confidence hit four-year lows in the third quarter, the British Chambers of Commerce (BCC) said in its Quarterly... read more
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