UK Firms Pivot to Cost Cutting Amid Rising Inflation
Large British companies are prioritizing cost reduction as CFOs anticipate rising inflation and interest rates over the next year. A new Deloitte survey reveals growing corporate caution ahead of the upcoming government budget.
Large United Kingdom companies are prioritizing cost reduction as 68% of chief financial officers brace for rising inflation and interest rates over the coming year. The shift follows a survey published by Deloitte on Wednesday, arriving two weeks before the government unveils its upcoming budget. Corporate leaders are adjusting strategies as credit costs hit a two-and-a-half-year high.
