A survey of more than 1,000 British businesses has found that they have delayed over £65 billion of investment since the vote to leave the EU.



The Centre for Economic and Business Research found that companies had cancelled investment worth billions since July because of the uncertainty caused by the vote.

The Times reports that 20% of firms said uncertainty over UK’s membership of the EU Single Market was one of the biggest concerns.

The falling value of the Sterling was also listed a big problem by many companies, especially those importing raw materials in foreign currencies.

A separate report also found that the falling value of the Pound and rising inflation would depress the real value of wage earnings for most people next year.

The pain from Brexit is still to come