Deloitte, a BNCC member, has issued the results of its latest CFO Survey, which has been gauging sentiment and balance-sheet strategies among the UK’s largest businesses since 2007.
Key findings
- CFOs rank the UK as the joint top location for investment, alongside India
- Risk appetite among finance leaders has increased, with 17% believing now is a good time to take greater risk onto their balance sheets
- UK corporates are moving away from defensive strategies for the first time in a year
- Geopolitics continues to be rated as the top risk to business by finance leaders
- CFOs now expect inflation to decline to 2.9% by the middle of next year and expect the Bank of England to lower its base rate to 3.75% over the next 12 months, down from its current rate of 4.25%
“These results reveal a shift in sentiment with the UK now viewed as a leading global investment destination. This renewed confidence, coupled with a rise in risk appetite, is welcome and underscores the considerable investment potential the UK offers.”
– Richard Houston, Senior Partner and Chief Executive