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Business investment falling could be good news for Remain

26 May 2016

10:06 AM

26 May 2016

10:06 AM

Today’s migration figures (net migration was 333,000 in 2015, up by 20,000 on the previous year) are bad news for the Remain campaign – but there’s a crumb of comfort for them in today’s GDP and business investment figures.

This second estimate of GDP growth is unchanged from last month’s, still saying that the economy grew by 0.4 per cent in the first quarter of 2016. But business investment unexpectedly fell by 0.5 per cent. Whatever the reasons for it, Remain can say it’s due to uncertainty over the outcome of the referendum – and dish up more Brexit fearmongering: if businesses are putting off investment because we might leave, what terrible things might happen if we do go?


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