Business: Investment

(asked on 11th June 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what assessment they have made of the report by KPMG 2018 Global CEO Outlook: UK, published on 11 June, in regard to business investment in the UK after Brexit.


Answered by
Lord Henley Portrait
Lord Henley
This question was answered on 19th June 2019

The report concluded that uncertainty had weakened CEOs’ confidence in their own country’s growth prospects since the 2017 report; which fell in 6 of the 11 top economies surveyed.

In the 2019 KPMG report, confidence in the UK economy improved and was matched in official statistics by a 0.5% expansion in business investment in the first quarter of 2019, according to the ONS ‘GDP first quarterly estimate’.

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