Brexit uncertainty and business jitters caused by Covid lockdowns will delay investment rebound

Britain’s economy will bounce back next year from the Covid pandemic but a fifth year of weak business investment will delay a full recovery until the end of 2022, according to CBI forecasts.

A combination of Brexit uncertainty, which is expected to continue into next year with or without a deal, and the blow to business confidence during the first and second lockdowns will delay a rebound in private sector investment.

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