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UK corporate confidence grows after election

Finance chiefs of major UK companies have gained in confidence in prospects for their businesses since Labour's win in the general election earlier this month.

This is the headline finding from Deloitte's regular CFO survey, which showed corporate risk appetite increasing the most in over four years, with perceptions of external uncertainty also falling to the lowest level in more than eight.

Business confidence among finance leaders had been rising for three consecutive quarters before this latest poll, and continued to grow after the election.

This is stemming from expectations for corporate revenue growth climbing to the highest level in two-and-a-half years, the survey found.

Ahead of Rachel Reeves's big Commons speech later today, CFOs want the new government to prioritise industrial policy and planning reform to boost growth and productivity.

"We’ve seen a significant shift in risk appetite post the general election and the new government’s focus on growth and stability is already increasing corporate confidence," said Richard Houston, senior partner and chief executive of Deloitte UK.

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