Majority of large businesses hoping to increase investment over coming months

According to a new study, approximately 80 per cent of large British businesses and corporate entities are planning on either maintaining or increasing investment over the coming months.
The findings, which feature in a study carried out by a prominent law firm, which was recently cited in City AM, suggest that large companies are feeling confident ahead of the spring and summer months.
The research found that 90 per cent of business decision-makers surveyed were hoping to maintain or increase spending on mergers and acquisitions (M&A) this year, while a similar number felt that Brexit had not affected their spending decisions.
In fact, three per cent of businesses told the survey that they were planning on spending more on the likes of expansion, M&A and general investment ahead of Britain’s departure from the European Union (EU), while only four per cent indicated that they were interested in decreasing their spending.
The survey’s authors commented that business confidence and investment clearly “remains robust” among large firms and corporate entities operating in the UK, despite the looming shadow of Brexit.
Nevertheless, the findings come at a time when the business world is constantly calling for more clarity on Brexit – and possibly for a longer transition period to be implemented before the UK formally leaves the bloc – indicating that fears and uncertainty are still at large.

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