British firms shrug off US tariffs, BoE survey shows

LONDON (Reuters) -Few British businesses expect to be directly affected by recent changes in U.S. trade policy, with only 12% naming it as one of their top three sources of uncertainty, a Bank of England survey showed on Thursday.

The BoE said 70% of businesses surveyed in May expected that U.S. tariffs would have no impact on their sales, prices or investment plans.

Twenty-two percent expected sales to fall over the year ahead, 20% said they would invest less, 15% expected to lower prices and 7% expected to raise prices, the BoE said.

The survey took place from May 9-23 and covered 2,129 firms.

(Reporting by David Milliken; editing by William James)