As the negotiations over the UK’s new relationship with the EU will be arduous and long, business investment probably won’t rise much this year as firms will worry about the risk of there being something similar to a no deal on 31st December 2020. But if that risk is ruled out by the UK and EU adopting a piecemeal approach and putting in place at least some new arrangements this year and maintaining the status quo elsewhere, then business investment could come back to life in 2021.
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