A Deloitte survey shows prolonged political uncertainty in Britain and concerns about weak domestic and external demand are forcing finance directors to cut costs and hold off hiring to help the UK firms prepare for an unpredictable year ahead, according to a euronews report. The audit of 91 chief financial officers of some of Britain’s largest companies showed cost control will be a priority for six in 10 of the respondents over the next year. Meanwhile, seven in 10 of the CFOs expect hiring to drop in the next 12 months. Key quotes by Ian Stewart, Chief Economist at Deloitte Perceptions of uncertainty are elevated and corporate risk appetite is vanishingly low. The priority appears to be curbing costs, not expansion. With Brexit cited as the biggest risk businesses face, the last quarter has also seen heightened concern over slowing growth in the UK and Eurozone and CFOs are tightening their purse strings in response. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next We have increased the probability of a Brexit deal to 20% – Danske FX Street 4 years A Deloitte survey shows prolonged political uncertainty in Britain and concerns about weak domestic and external demand are forcing finance directors to cut costs and hold off hiring to help the UK firms prepare for an unpredictable year ahead, according to a euronews report. The audit of 91 chief financial officers of some of Britain's largest companies showed cost control will be a priority for six in 10 of the respondents over the next year. Meanwhile, seven in 10 of the CFOs expect hiring to drop in the next 12 months. Key quotes by Ian Stewart, Chief Economist at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
