economy

UK's factory orders fall at fastest pace since financial crisis of 2008

Manufacturing companies fear what the future holds as new British factory orders fall at their fastest pace since the financial crash ten years ago. According to the Confederation of British Industry, these conditions coincide with worries regarding Brexit and the global economy. 

A survey of 291 manufacturing firms was conducted, showing a decrease in optimism and the weakening of investment plans, which have both fallen at a fast rate since the Brexit referendum in 2016.