Sunlight shines through a Union flag adorned with the stars of the European Union (EU) during a Brexit protest in central London, U.K. (Photographer: Luke MacGregor/Bloomberg)

Brexit Costs Britain Almost $2.6 Billion in Lost Investment

Brexit Costs Britain Almost $2.6 Billion in Lost Investment

(Bloomberg) -- Businesses slashed investment by almost 4 percent in the final three months of 2018 as Brexit uncertainty escalated. The decline from a year earlier, the equivalent of nearly 2 billion pounds ($2.6 billion) of lost spending, was the largest since the financial crisis a decade ago. It underscores the real cost of the crisis gripping British politics as firms face being dumped out of the European Union and into legal limbo on March 29 unless politicians can agree on an exit deal.

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