UK's Hammond: Brexit uncertainty is the principal reason for weak business investment

The UK Chancellor Phillip Hammond is back on the wires now, via Reuters, commenting on the next BOE Governorship and also on the economy.

Key Quotes:

“We expect to appoint next BOE Governor for an 8yr term.

If an outstanding candidate could not commit for an 8yr term, we could consider.

Very much in the UK interest to have BOE Governor who is recognized.

We hope to make BOE Governor appointment in October.

Brexit uncertainty is the principal reason for weak business investment.

The sooner we can bring Brexit to conclusion, the better.

The UK economy is operating pretty much at full capacity.”