Economic confidence fades among CFOs

by Gavin Hinks

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29 Jun 2010

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Confidence about the economy among UK chief financial officers has fallen, according to a survey from Robert Half.

The recruiter's poll of CFOs found only 22% were feeling more or slightly more confident about the prospects of their companies, a 25 point decline on the position in January.

A third of CFOs said the election result would negatively affect the finance and accounting profession.

The survey also found 80% of CFOs believe the second half of this year would see the number of accounting staff at their companies either increase or stay the same.

Phil Sheridan, managing director of Robert Half, said: "While the UK job market continues to recover some employers clearly remain cautious, as can be seen by the fall in confidence levels of the UK's finance leaders."

He said CFOs were finding it hardest to recruit staff in audit and compliance. Sheridan added this was "evidence that those with this type of experience have an opportunity to put their best foot forward and take advantage of the increase in regulatory need across the UK's business sector."

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