Britain’s manufacturers are more upbeat about the state of the global economy than at any time since 2014 and believe demand from overseas will sustain their businesses through another year of Brexit uncertainty, a survey has shown. Brexit: why the UK economy hasn't led to buyer's remorse Read moreEven so, the EEF/AIG survey found businesses optimistic about the outlook. “Chief among these is Brexit which has put the investment outlook on a knife edge. Only a third of companies surveyed admit to making contingency plans for a no deal Brexit outcome and industry executives seem as likely to be considering reshoring as offshoring in the year ahead in response to Brexit and exchange rate risks. Firms said they expected to spend more money on product innovation and automation in order to increase productivity.

Source: The Guardian January 08, 2018 00:00 UTC