'In the wake of the vote, in late June, optimism dropped to the lowest level since the global financial crisis. CFOs battened down the hatches, pulling back on investment and spending. Since then the UK has proved more resilient than expected and talk of the UK falling into recession has abated'. Despite the rebound in business confidence, most finance bosses expect more economic and financial uncertainty following Brexit. Nearly half of those surveyed plan to cut spending and take defensive measures to protect their balance sheets and build up cash over the next year. About 48% also expect hiring and mergers and acquisition activity to slow down. Read more:http://www.bbc.com/news/uk
UK firms' finance bosses say uncertainty is 'new normal' - BBC News
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