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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements