IoD survey discloses reduced intentions for remainder of time due to uncertainty caused by Covid-1 9

Coronavirus- latest updatesSee all our coronavirus coverage

Businesses have dramatically scaled back investment plans for the rest of the year in response to the uncertainty surrounding the future of the UK economy, are consistent with a conducting business survey.

The Institute of Directors( IoD) said its confidencetracker exposed the Covid-1 9 crisis had driven down investment intentions among its members for the next 12 months by 11 percentage points to a record low of -4 3 %.

The coronavirus lockdown has virtually halted international trip and tourism investments, hitting airlines and other travelling corporations, aerospace and automobile manufacturers and oil companies hard.

Continue reading …

Read more: theguardian.com