Political uncertainty around next year's election and the prospect of a referendum on
The latest poll of 112 chief financial officers by consultants Deloitte ranked those threats ahead of any impending interest rate rise and September's independence vote in
It showed, however, that overall concerns about economic and financial risk continued to fall. There was also further evidence that firms were becoming more confident about investing and expanding, with two-thirds of finance bosses saying now was a good time to take risks.
The quarterly poll, which includes 31
While some cited higher borrowing costs, a housing bubble and volatility in emerging markets as risks, the main concern was the political outlook.
"The macroeconomic worries that have acted as a drag on corporate activity have eased and the policy environment is more stable. But, with the general election less than a year away, uncertainties around political and policy risk have moved centre stage," said
The large majority of CFOs expected their company's turnover to increase over the next 12 months. A net 93% - the difference between those forecasting a rise and those a fall - saw revenues rising, up from 57% this time last year.
There were also upbeat signs for the jobs market, with a net 76% of CFOs predicting that hiring would pick up.
The report is the latest in a string of upbeat surveys on the
The Bank's monetary policy committee announces its latest rate decision on Thursday, but none of the economists in a Reuters poll forecast any move yet.
"No change in monetary policy is again expected at the Bank of
Percentage of chief financial officers at big companies polled by Deloitte who predict hiring will pick up in the next 12 months
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- James Foley Killer Could Be ID'd Via Social Media, Voice Recognition
- Faith Groups Divest From Fossil Fuels
- Apple Stock Bounces Back Big Time
- James Foley Beheading Video Is Real Thing: White House
- Spiders Get Bigger, Reproduce Faster in Cities
- Entrepreneur Contest Announced in Idaho
- U.S. Existing Home Sales Rise 4th Month Straight
- Dollar Tree Falls in Q2
- Why BofA Won't Pay $17 Billion After All