PBR: FDs' confidence in economy not improved
An overwhelming majority of finance directors have been left distinctlyunderwhelmed by the chancellor's pre-Budget report.
A panel of experts, quizzed by Accountancy Age after the chancellor’s pre-Budget report, said their confidence in the economy had not improved after Gordon Brown’s speech.
Thirty-four out of 39 answered ‘no’ to the question: ‘Has your confidence in the economy improved following Gordon Brown’s PBR?’
Just five answered ‘yes’.
The majority – 35 and 25 – thought the chancellor had failed to do enough for small business and big businesses respectively.
However, 15 said the PBR would have helped Labour’s chances of being re-elected, and only eight said it would hinder the party’s chances of remaining in government.