Brexit Uncertainty Hurting Business Investment

The U.K. Chancellor has said that Brexit uncertainty is having a negative impact on investment.

Philip Hammond said Britain should seek clarity over a transition agreement with the EU as soon as possible. He also said the British people want a Brexit that protects jobs and living standards.

"There is a large amount of business investment that is being postponed until business can see more clearly what the likely outcome of these discussions is," Hammond said. 

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This article was written by a staff member of TheStreet.