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Carney opening statement continues: Longest.....>

BOE
BOE: Carney opening statement continues: Longest run of falling biz investment
in the post-war era, weighing on productivity and boosting labour costs. UK biz
are focusing on short-term due to Brexit and disruptions to trade. Cites
"cliff-edge" Brexit prompting firms to bring forward production and stockpiling
- Recent surveys cite firms opting for hiring over capital investment, driving
outperformance in employment, helping drive real incomes, consumption and
domestic demand. This leaves households positive on domestic finances, but
negative on broader economy. This is feeding through to stagnating housing
market.

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