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UK corporate leaders more cheerful for 2013

7 January 2013

A new report from Deloitte has suggested that financial executives in the UK are more enthusiastic about 2013 than they were for 2012, with optimism up for the second consecutive quarter.

Fears of a breakup in the eurozone have dropped to 22 per cent, from 37 per cent last year, while concern over a possible return to recession has also receded.

Chief financial officers are far less worried about company-specific worries such as margins, cash flow and credit availability.

Ian Stewart, chief UK economist at Deloitte, said: "The emerging picture is of businesses which are constrained by low growth and uncertainty rather than weakness in business models or access to capital."

He added that the dominant concern for most companies remains the macroeconomic situation, which continues to be uncertain across the UK and Europe.

The Institute of Leadership and Management recently urged British executives to keep their employees engaged over the next few years in order to avoid high staff turnover.

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Categories: Functional Practices, Financial Management

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