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Rising Brexit uncertainty has reduced investment and employment

From voxeu.org

In August 2016, in response to the question, ‘How much has the result of the EU-referendum impacted the level of uncertainty affecting your business?’, more than one-third of CEOs and CFOs cited Brexit as at least one of the top three current sources of uncertainty. At the time, 10% said that Brexit was the most important factor and 25% said it was one of the top two or three sources of uncertainty (Figure 1). Successive waves of this question have shown that firms continue to place Brexit high on the list of sources of uncertainty. The share of firms responding that Brexit was one of the top drivers of uncertainty ... (full story)

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