Worst Year for Investment Since Crash to Hit U.K. Economy

(Bloomberg) -- Businesses cut investment in the U.K. for a fourth straight quarter and more than economists forecast at the end of 2018, depressing economic growth, figures Monday showed. That marks the longest continuous decline since the financial crisis a decade ago. The Bank of England sees even sharper cutbacks this year amid fears that Britain is heading for a damaging no-deal split from the European Union in just 46 days.

To contact the reporters on this story: Andrew Atkinson in London at a.atkinson@bloomberg.net;Jill Ward in London at jward98@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, David Goodman, Zoe Schneeweiss

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