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Economy News

UK businesses stash cash as Brexit gloom deepens - Deloitte

A growing number of large British-based businesses are prioritising cashflow, fearing a downturn, as their view of the long-term economic impact of Brexit has darkened to its most negative so far, accountancy firm Deloitte said on Monday.

IMF chief says Brexit delay averts 'terrible outcome'

The six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday.

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