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19 May 2008
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.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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