4 in 10 firms say Brexit will hit investment

Pound's fall against the dollar was seen as the only silver lining to last year's vote to leave EU

Roughly four out of every ten British businesses say Brexit has hurt their plans for investment, a report from the Confederation of British Industry (CBI) showed on Sunday.

Some 42 per cent of businesses said Brexit had affected investment decisions and of that, 98 per cent said the impact had been negative, according to the CBI survey of 357 companies.

The other 58 per cent said last year's vote to leave the European Union had not affected investment plans.

"It is reassuring that the majority of businesses that responded to our survey do not feel that Brexit has changed these