Few signs of better economy
We asked FDs: Have you seen substantial evidence of an improvement in your business across the first quarter of 2004?
We asked FDs: Have you seen substantial evidence of an improvement in your business across the first quarter of 2004?
Growth in the UK economy continues to remain elusive, according to the country’s finance directors, with a third (34%) saying they have seen no improvement in business and just over half (54%) saying things are on the up.
The results of this week’s Accountancy Age/Reed Accountancy Big Question survey follow strong forecasts at the beginning of the year that the UK economy was likely to see growth in 2004 of up to 3%.
Mark Blackwell, owner of MHR Consultancy, said: ‘My personal worry is that the UK has the largest credit card debt in Europe and, should interest rates rise, that will cause major issues.’
Others said 2004 was seeing improvements that had not arrived in 2003.
Some put increasing business down to advantageous exchange rates. One FD said the economy was slowly getting worse: ‘With price depression and excess capacity, it’s the poorest quarter for a number of years.’
The numbers you crunch tell a story. Your expertis...
20yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article