LONDON (Reuters) -Few British businesses expect to be directly affected by recent changes in U.S. trade policy, with only 12% naming it as one of their top three sources of uncertainty, a Bank of England survey showed on Thursday. The BoE said 70% of businesses surveyed in May expected that U.S. tariffs would have no […]
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British firms shrug off US tariffs, BoE survey shows
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LONDON (Reuters) -Few British businesses expect to be directly affected by recent changes in U.S. trade policy, with only 12% naming it as one of their top three sources of uncertainty, a Bank of England survey showed on Thursday.
The BoE said 70% of businesses surveyed in May expected that U.S. tariffs would have no impact on their sales, prices or investment plans.
Twenty-two percent expected sales to fall over the year ahead, 20% said they would invest less, 15% expected to lower prices and 7% expected to raise prices, the BoE said.
The survey took place from May 9-23 and covered 2,129 firms.
(Reporting by David Milliken; editing by William James)