Brexit has only minor effect on the economy according to a recent study by BDO. The study by the accountancy firm notes that business confidence has jumped back in August after hitting a three year low in July but the firm believes that a slide into recession is now ‘not likely’, however a slowdown in economic activity appears to be occurring. Also today, the British Chamber of Commerce downgraded its UK growth forecast from 2.2% to 1.8% in 2016 citing uncertainty in investment.

For more information on the BDO study, click here.

For more information on the BCC study, click here.

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