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British companies cut investments by $82 billion after Brexit

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British companies cut investments by $82 billion after Brexit

British companies suspended or completely abandoned the investment projects at a total amount of 65,5 billion pounds sterling ($82 billion), following the results of a referendum on the UK membership in the EU (Brexit), The National reports citing researches carried out by CEBR and Hitachi Capital UK.

Among the British companies, which announced reduction of investment, 42% are major ones, 44% - middle-sized companies and 32% are small enterprises. IT and telecommunication sectors of British economy see the largest decline.

Most of the companies noted that the decrease in capital investment was caused by the factors related to Brexit. In particular, the matter concerns a drop in exchange rate of pounds sterling and increasing inflation pressure.

Over 1,000 companies participated in the study, the poll was conducted in the last week of October.

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