Wednesday September 23, 2020

British commercial property weakened by Brexit

British bond yields at record lows as BoE fails to hit buying target

10th August, 2016
Bank of England surveyed business conditions after Brexit vote Pic: Getty

A Bank of England report on business conditions in Britain has found that business services and construction have been most affected by the fall-out from the Brexit vote.

In a survey of around 270 business contacts carried out from late June to late July, the bank found that a decline in the volume of manufacturing exports had been arrested, helped by a weakening of sterling.

It said business services growth weakened, partly reflecting weakness in commercial...

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