The Brexit vote has made businesses more pessimistic about their chances of success in the next 12 months and bosses have become less confident about hiring staff, two surveys show. More than 20% are actively planning to decrease investment, while 56% remain unchanged in their investment decisions, Grant Thornton said. Ian Brinkley, the acting chief economist at the CIPD, said: “There is clear evidence some employers have become more cautious about hiring following the vote to leave the EU. The Bank signalled that rates would be reduced further in the coming months as the economic fallout from the decision to leave the EU becomes clearer. “The Bank of England’s interest rate cut earlier this month will have been met with mixed reactions.

Source: The Guardian August 14, 2016 22:52 UTC