UK businesses expect zero growth over next 3 months, survey shows

British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday.

by | 31 Jul, 2022

The Confederation of British Industry (CBI) said members reported above-average growth in the three months to the end of July – slightly faster than in the three months to June – but expect this to peter out in the months ahead.

“As firms and consumers continue to be buffeted by rising prices, private-sector activity has slowed to a near standstill,” CBI economist Alpesh Paleja said.

Read more at Reuters

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