Firms ‘delaying investment’
22 August 2012
Companies are withholding investment from the UK as they wait to see if the country will emerge from recession this year, new research has found.
A survey of 1,000 company directors carried out by the Institute of Directors (IoD) found 44% had postponed at least one investment or employment decision because of continuing uncertainty over the economy.
Despite anticipated announcements from government this autumn on new housebuilding plans and a new model for PFI, the IoD found nearly two-thirds of respondents doubted whether the country would exit recession in 2012.
Ministers have been criticised for failing to lay out a stable environment for investment and the lack of a pipeline of projects in the infrastructure arena.
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