Prolonged political uncertainty in Britain is forcing finance directors to cut c...
LONDON - Prolonged political uncertainty in Britain is forcing finance directors to cut costs and hold off hiring to help companies prepare for an unpredictable year ahead, according to a survey by Deloitte.
According to seven in 10 of the CFOs, hiring will reduce in the next 12 months, while almost half will focus on trying to increase cash flow. The Deloitte report said the resulting uncertainty was now entrenched while domestic economic factors such as weak productivity and competitiveness are a growing concern.
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