ICAEW business confidence monitor shows sharp falls in the first quarter
across all sectors of British industry
ADVERTISEMENT
Business confidence plummeted across all sectors of British industry in the
first quarter, although recession is still unlikely, according to the
Institute
of Chartered Accountants in England and Wales (ICAEW)’s quarterly business
confidence monitor.
The latest ICAEW quarterly survey of 984 chartered accountants showed property,
banking, finance and insurance sectors are under most pressure, while property
confidence was at its lowest level ever recorded.
The overall confidence index declined to 19.7 in the negative from 7.2 in the
negative in the previous quarter, compared to a cyclical peak of 11.5 in the
positive a year ago.
‘Nowhere in the UK is business immune to the fall-out from recent issues in
the global financial markets. Significant domestic developments such as falling
house prices only reinforce the concerns,' Michael Izza, ICAEW chief executive
officer, said. But growth is still predicted for the overall economy.
Wallingford, Oxfordshire, United Kingdom | Rowse Honey
A genuinely great opportunity has arisen at Rowse Honey, the UK's leading Honey brand for a Financial Accountant based in Wallingford. Due to continued growth, a genuinely exciting opportunity has arisen for a Financial ... more >
Deputy Director of Finance, Cheshire, £Competitive The Britannia Hotel Group is the largest privately owed hotel company in Europe, very successful, and the 7th largest hotel organisation in the UK with 33 hotels and 7,000 ... more >
This is an excellent financial planning & reporting role working within one of the UK's largest children's charities. You will be responsible for providing business critical reporting on the charities operations through financial planning ... more >
Director of Finance, Hertfordshire, £75k PA Come and play a leading role in a fast-growing college Hertford Regional College is already successful and well-regarded and our popularity is growing. This is one of the reasons ... more >
More Jobs in Finance
RSS feeds