And business confidence in Britain has slumped to the lo

  d to the lowest level in almost a decade.

  ”The reason for this underperformance relative to the rest of the world is, I believe, the uncertainty surrounding the prospect of Brexit,” Ge

rtjan Vlieghe, a member of the Bank of England’s Monetary Policy Committee, said in a speech last month.

  The pain has also been felt by households. The pou

nd plunged 15% against the dollar after the 2016 vote, pushing the price of imported goods hig

her. That spurred inflation and contributed to a decline in the value of people’s paychecks.

  Company trauma

  Executives have reacted to the uncertainty by attempting to Brexit-proof their businesses.

  ”It is clear that political inaction has already had economic consequences, with many firm

s hitting the brakes on investment and recruitment decisions as a result of ongoing uncertainty,” said Ad

am Marshall, director General of the British Chambers of Commerce, a business lobby.

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