The dour tone of the latest economic report from IAECW won’t surprise business valuers. The report, a necessary tool for valuers since most valuation standards require that each report contain a summary of general economic conditions, says simply: ‘[B]usiness investment [in the UK] falls back into contractionary territory.’ The study cites a 0.5% drop in business investment, potential overstatements of growth caused by the implementation of IFRS 16 (and its new requirements on how to measure fixed assets), and low BCM Confidence Index as some key ‘big picture’ elements indicating continued declines for the remainder of the year.