Deloitte CFO Survey: Brexit tops risk list

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Support for the UK remaining a member of the European Union has risen among Chief Financial Officers (CFOs) of the UK’s largest companies, according to Deloitte’s latest CFO Survey.

26% of CFOs say their company has made, or is in the process of making contingency plans for a possible British exit of the EU. However, 53% have made no such plans.

David Sproul, senior partner and chief executive of Deloitte, said: “CFOs see significant benefits in UK membership, particularly in terms of helping UK exports, attracting investment and strengthening the UK’s influence and connections with the wider world.”

Ian Stewart, chief economist at Deloitte, said: “Rising uncertainty has eroded corporate risk appetite. Corporates are pulling in their horns, with expectations for hiring and capital spending at three year lows.”

The Deloitte press release is here.

Image from Master Investor

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