Insight: Why is UK business losing faith – and what can government do about it?

Tuesday, August 23, 2011 | Posted by: Fiona Cullinan
Categories: Economy, Thought Leadership | Tags: business, economy, video, Scott Barnes, ICAEW, business news, confidence, BCM, Business confidence monitor, index, monitor, Q3 2011, Robin Fieth

Scott Barnes, CEO of Grant Thornton, and Robin Fieth, Executive Director, Finance & Operations, ICAEW, give their thoughts on the recent ICAEW/Grant Thornton UK Business Confidence Monitor (BCM). The video report lasts three minutes – or jump to the relevant question via the links below.

Increasing frustration at the lack of progress to make it easier to do business is revealed in the latest BCM findings from Q3 2011. The monitor also shows a decline in confidence as both UK and global economic turmoil impact on businesses’ plans for the future.

• Why are businesses losing faith?
• What action does government need to take?
• Is business justified in lowering growth expectations?
• What are businesses’ plans for employment?
• Why has confidence in the manufacturing sector fallen?
• Where do you think confidence will go from here?

For more on the ICAEW/Grant Thornton UK Business Confidence Monitor and key findings from Q3 2011, read the full story: Confidence dips in Q3 as businesses start to lose faith.

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