The UK economy continued to soften in the first quarter, according to a private sector business survey created by The British Chambers of Commerce (BCC).
Domestic sales and orders have reached their lowest level for over three years adding to the decrease of economic growth.
The BBC claim that the downfall is “The inevitable consequence of mounting global and domestic uncertainties.”
The survey is based on over 8,500 responses from firms in Q1 2016 showed historically low confidence in turnover and profitability.
Dr Adam Marshall, acting director general, British Chambers of Commerce said: “Our latest survey results suggest that the UK economy is in a holding pattern. While the picture is static overall, there are clear indications that economic growth is continuing to soften. From sales and orders to confidence and investment intentions, many of the business indicators we track are at a low ebb.”
