Chief Financial Officers (CFOs) of the UK’s largest companies enter 2016 in a mood of caution and with a strong focus on cost control. That’s according to Deloitte’s quarterly CFO Survey. The comprehensive study also finds that levels of support among CFOs for the UK remaining in the European Union (EU) have narrowed. No less than 137 CFOs of FTSE 350 and other large private sector companies participated in the Q4 2015 CFO Survey.
Repeating a question posed in the Q2 2015 Survey, Deloitte asked CFOs whether it’s in the interests of UK businesses for the UK to remain a member of the EU. 62% favour the UK staying within the EU, down from 74% in Q2. 28% say their decision depends on the outcome of the Prime Minister’s renegotiation of UK membership*, up from 23% in Q2. 6% say UK business would benefit from leaving the EU, up from 2% in Q2, while 4% are uncertain of their position (up from 1% in Q2).