If UK plc is putting the skids on spending, that’s bad news
Amid all the political backstabbing and accusations of unfunded this and unfunded that, a very worrying development seems to have occurred. Worrying, that is, for the British economy. So unsure are Britain’s chief financial officers about the outcome of the general election that they’ve started to rein in spending.
More than half – 63 per cent – of those questioned by Deloitte, the accounting firm, rated the level of uncertainty facing their business as above normal. They see post-election uncertainty, policy change and an EU referendum as the greatest threats to UK business.