The latest Deloitte survey of UK Chief Financial Officers,
released this morning, reveals that three months on from the EU
referendum Brexit risks continue to loom large for the UK's
largest corporates.
The period since the previous CFO Survey, carried out in the
immediate aftermath of the referendum vote, has seen Mrs May's
appointment as Conservative Party leader, a strong rally in equity
markets and a run of solid UK and global economic data.
Yet despite some improvement CFOs continue to see significant
risks in the economic environment and perceptions of uncertainty
remain elevated.
Levels of concern about macro risk has risen across five of the
six areas where we regularly poll CFOs. Brexit tops the risk list
while concerns about UK growth and competitiveness have soared in
the last six months. The one category of risk where concerns have
declined, albeit marginally, is emerging markets and
geopolitics.
