Tag Archives: business

BoE’s Haldane sees ‘stirring in the undergrowth’ on UK business investment

BoE’s Haldane sees ‘stirring in the undergrowth’ on UK business investment
© Reuters. The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London

LONDON (Reuters) – The Bank of England’s chief economist Andy Haldane said he saw hints that British businesses were becoming more willing to invest, following a drop in domestic political and Brexit uncertainty since the end of 2019.

“Some early stage signs in surveys suggest there could be a stirring in the undergrowth when it comes to company investment plans,” Haldane said in a question and answer session after a speech to the Centre for Policy Studies think tank on Monday.

Haldane said businesses’ cost of capital was low and that there were investment opportunities to be seized, but that it was too soon to be sure if stronger sentiment would translate into better business investment.

Investment has been weak in Britain since the 2016 referendum decision to leave the European Union.

Haldane, asked about the government’s upcoming annual budget, said the low cost of capital also applied to government borrowing and that it should take into account the “social return” that public spending could bring.

Earlier, he said he did not see signs of a bubble in global asset prices, nor a wholesale retreat from globalisation, despite the trade war between the United States and China.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source : Reuters Link