Optimism among senior executives at some of Britain’s biggest businesses has increased after Labour’s landslide general election, according to Deloitte’s latest survey of chief financial officers. The study shows that risk appetite is up, fears about uncertainty have retreated sharply, and revenue growth predictions are rising. The survey found that a net 23% of respondents were more positive about the outlook for their businesses now than they had been in the spring. Finance chiefs’ expectations for revenue growth have risen to the highest level in two and a half years, with a net 64% expecting an increase in their top lines over the next 12 months. The main priorities for most CFOs are cost reduction and increasing cashflow. The majority also want to see industrial policy and planning reform prioritised by the new government. The poll also revealed that the UK is now perceived as more stable than many other developed nations. Richard Houston, senior partner and CEO of Deloitte UK, says the election result will have a “mildly positive effect” on investment, dealmaking, and hiring in the next 12 months.
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