|
|
16 Jul 2008
The latest Deloitte survey of finance directors show more seven out of 10 UK chief financial officers believe the credit will get worse.
An overwhelming majority of 83% said credit was now hard to obtain, up from 63% in March and 48% in September last year.
‘The squeeze on liquidity is increasingly transmitting itself to the corporate sector through a reduced supply and rising cost of credit,’ Margaret Ewing, Deloitte partner and vice chairman, said.
Finance directors are also less confident about the outlook for corporate earnings and 56% believe corporate earnings will grow more slowly than the average 5% rate expected by City analysts, the report said.
You may also like
Search thousands of financial jobs:
£25000 - £80000 per annum: Pro-Finance: auditors City of London ...
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
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.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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. 
Visitor comments Add your comment