Business Confidence in U.K. CFOs Sees its Highest Increase Since 2020

Since last summer’s calamitous season for fintechs, investors and business leaders alike have struggled to maintain an optimistic outlook for the long-term prospects of the industry. However, according to a recent report by Deloitte, financial officers across the U.K. have recovered a great deal of confidence—in fact, survey responses indicated an increase in confidence among CFOs of 8%, the highest such increase in three years. With more than 25% of respondents answering that they were feeling better about the future compared to the recent past, it appears businesses in the U.K. may yet hold out hopes for a major economic recovery.

As described by Khalid Talukder, Co-Founder of DKK Partners, this report represents a much-needed dose of optimism for those in the industry. “Business owners can look to a brighter future and get back out to the marketplace after a turbulent few years,” Talukder said in an interview. “A growing economy will empower businesses with the confidence they need to re-engage with normal business operations.”

Become a Subscriber

Please purchase a subscription to continue reading this article.

Subscribe Now

At the same time, it must be remembered, confidence is not a particularly effective safeguard against future downturns. “We must still be cautious as the risk of a recession is not completely disregarded, Talukder continued. “However, businesses can remain optimistic as positive steps continue to be taken towards economic recovery.”