Chief finance officers of large listed companies have reported increased confidence and appetite for risk, signalling a return to better times for UK businesses.
According to latest CFO survey from Deloitte more than 90% of CFOs expect to see revenues increase this year and more than two thirds expect UK corporates to increase hiring and capital spending. This compares to FDs predicting a slide in all three measures of spending just a year ago.
The 122 CFOs surveyed said there was a 16% chance of a recession in the UK in the next two years - down from 40% a year ago.
Deloitte chief economist Ian Stewart explained...