Published: 2nd Jul 2019

More than half of councils expect that local businesses in their area will suffer a downturn in international trade because of Brexit. PwC’s latest annual survey of local government – The Local State We’re In – reveals 55% of councils expect Brexit to impact international trade for their local businesses. The survey also found 45% of councils also anticipate a decline in foreign direct investment (FDI) into their local area. The annual report polled the views of over 100 local authority chief executives, finance directors and  council leaders across the UK. It also revealed that half of local authorities expect central funding to decline post-Brexit and three-quarters (74%) have no confidence that central government will engage with cities and local government in reshaping regional investment and regeneration funds in a post-EU landscape. A parallel survey asked 2,000 UK consumers about the performance of their local authority and found that, while … (To read the full article, subscribe below)