The Telegraph reports today on Deloitte's survey of Chief Financial Officers (CFOs) and their beliefs about the business climate. Although the majority still believe that the business environment will worsen once the UK has left the EU, the findings are compelling and CFOs seem much more optimistic about prospects than three months ago - 26% agreed that now is a good time to take on more risk, compared with 21% last quarter. The survey also shows optimism around hiring, with only 30% of CFOs saying that Brexit will cause them to slow hiring, down from 39% last quarter and 66% following the EU Referendum.
Now that Article 50 has been triggered, perhaps businesses are feeling less unsure and more optimist about post-Brexit prospects.
British businesses ready for risk as Brexit shock simmers Finance chiefs at some of Britain's largest corporates are feeling as optimistic about their businesses future as they did before the EU referendum, with risk appetite trickling back after dropping off a cliff post-Brexit. The proportion of chief financial officers (CFOs) who feel better about the prospects for their company now versus three months ago stands at 31pc - more than the final quarter of last year and the highest level since the second quarter of 2015, according to a poll of 130 finance chiefs.