Firms plan to quit UK as City braces for more post-Brexit losses

Chancellor to make morning statement to reassure markets as survey reveals negative business impact of EU vote

British businesses have warned that Brexit will trigger investment cuts, hiring freezes and redundancies as the consequences of leaving the European Union threaten to destabilise markets further this week.

Related: Brexit live: George Osborne tries to calm markets with early-morning speech

Related: Market turmoil fears likely to force Mark Carney to abandon ECB meeting

Related: Brexit triggers Corbyn coup: Watson ‘saddened’ by Labour departures – live

Related: Bank of England seeks to limit damage of UK’s vote to leave EU

Related: Get ready for more market reaction to Brexit

Continue reading…

Leave a Reply

Read the original at Economics | The Guardian.