(Shutterstock)The latest CBI Growth Indicator shows the balance of private sector firms reporting growth is at -5%, the lowest in six years. Anna Tobin reports
The CBI Growth Indicator is based on the responses of 636 respondents across the distribution, manufacturing and service sectors and it showed the balance of firms reporting growth was -5%, the weakest reading since April 2013. This is the fifth consecutive quarter of flat or falling activity. Private sector activity is also expected to be relatively flat over the three months to June (+2%), with volumes expected to stabilise in services, alongside similar growth in both distribution and manufacturing.
“The weight of evidence coming from across different industries is damning. The chaos at Westminster is having a dire impact here and now on our economy, with private sector activity stuck in a slump,” said the CBI’s chief economist Rain Newton-Smith.”Every day counts, or we’ll see this story repeated again and again with investment lost and businesses coming under severe pressure. Politicians across the House must get their act together to find a way forward that will protect jobs and livelihoods.”
Ensure your Business partners are ‘Ready for Brexit’ with the BrexSure Brexit audit tool
Download the Brexlist – your Brexit checklist for preparing your business for Brexit
There is information on how to set up a business in the EU in the Ready for Brexit Directory
Subscribe to
Sign up now for all these Brexit business tools
NO DEAL BREXIT
ACTION PLAN
The No Deal Brexit Action Plan maps out the time available and the time required to undertake the processes to prepare your business for a No Deal Brexit.
Your business will need to modify or completely change procedures to prepare for Brexit. Brexlists help you take a rigorous and structured approach to your preparations:
- The Executive Summary Brexlist Brexit checklist, as its name implies, highlights the key issues
- The Business Functions Brexlist Brexit checklist maps onto the key business functions in a company
- The Directory Brexlist Brexit checklist maps onto the topic headings in our Brexit Directory
highlight what needs to be done, and by when, to ensure that all parts of your supply chain are prepared for Brexit:
- Identify the key questions for your business
- Share key learnings with your business partners
- Identify the key challenges and opportunities
- Highlight key internal and external priorities
BREXIT
DIRECTORY
The Brexit Directory is an extensive database of information and links organised by business function to help you find the information your business needs to know.