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4th Jul 2023 18:47U.K., Daily Monitor

  • The strong rise in business investment in Q1 was due to firms rushing to take advantage of the super-deduction.
  • The sharp increase in the cost of external finance will weigh on capex over the coming quarters...
  • ...But the downturn will be milder than in the wake of past rate hikes; balance sheets are in decent shape.

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Keywords for: 6 July 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence