LONDON: Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country's coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance officers showed.
Almost 10 per cent of CFOs had experienced significant or severe disruption due to Brexit but only 3 per cent expected that level of disruption to persist in a year's time, Deloitte said on Monday. "Combined with a successful vaccine rollout and a greatly improved global backdrop, we are seeing a turbo-charged surge in business optimism."Britain's economy shrank by nearly 10 per cent in 2020 as the country was hit by Europe's highest COVID-19 death toll. But it is expected to start recovering soon as the government lifts its social-distancing rules.