CBI finds orders at highest level since December 2013 but analysts say few firms are investing and dearer imports may force higher selling prices soonUK factories contain cashed in on the sharp plunge in the pound since the Brexit vote,with export orders at the joint highest level in three and a half years.
The stronger than expected findings from a survey by the CBI, the UK business trade body, and suggest manufacturers had a decent start to the moment quarter,boosting hopes that the sector will help prop up the wider economy as a consumer slowdown takes hold. Related: 'People still want to work here': can British business survive Brexit? Related: UK inflation jump means the 2017 voter is getting poorer | Larry Elliott Continue reading...
Source: theguardian.com