By Syndicated Content
By William Schomberg
LONDON (Reuters) â Big businesses in Britain are rushing ahead with post-lockdown investment plans that could usher in a long-awaited improvement in the countryâs weak productivity growth, a survey of chief finance officers showed.
Accountancy firm Deloitte said its poll found CFOs were planning to increase investment, as well as hiring, at the fastest pace in almost seven years and were their most aggressive about acquisitions in 11 years.
Many firms around the world have ramped up their spending on digital technology in response to the coronavirus pandemic which up-ended their working practices.
Ian Stewart, chief economist at Deloitte, said CFOs were much less concerned about Brexit. COVID-19 was still the top of the worry list, followed by inflation and climate change. Over three quarters of CFOs reported growing recruitment problems.
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