A new survey has found that the UK now holds the joint top spot for investment among global chief financial officers (CFOs).
For people investment planning in Cheshire, Shropshire or other parts of the country, the data from Deloitte indicates there is a greater appetite for risk, as financial leaders gamble on increasing returns and boosting growth.
The questionnaire targeted senior decision makers at FTSE 100 and FTSE 250 companies, as well as private firms and subsidiaries listed in other countries, cumulatively valued at over £386 billion. The research found that 17% of CFOs were pushing for more aggressive strategies compared to just 12% of respondents the year before. Business leaders ranked the UK joint top alongside India, overtaking the United States and Japan as a more attractive investment proposition.
To facilitate greater economic growth, the UK has over the past 12 months striven to boost risk appetite with a deregulation drive designed to appeal to businesses. The Chancellor Rachel Reeves has, moreover, asked the Bank of England and Financial Conduct Authority to help that push for growth by setting new rules. The City of London Corporation, too, released a statement, requesting Treasury guidance on growth and competitiveness.
The Chancellor is currently working on expanding the scope of financial reforms beyond the square mile, in order to build a stronger retail investment culture. She will be delighted that the UK is still scoring high in global rankings, following an earlier PwC survey of global business leaders by the consultancy at the World Economic Forum in Davos in January – which also put the UK in front of its main competitors.
