Over regulation is the greatest threat to UK business growth, according to the CEO community as confidence hits a record high
Business confidence among UK chief executives is at a record high with more than half of CEOs saying they are more confident about growth in 2007 than they were a year ago, according to the 10th Annual PricewaterhouseCoopers’ Global CEO Survey.
More than 90% of the 1,100 CEOs surveyed from 50 countries were upbeat about revenue growth. But despite this confidence, some respondents highlight the burden of regulation as a possible threat to growth, as well as the fear that global warming will have an adverse impact on their business.
The overwhelming boost in corporate confidence is largely driven by a strong appetite for M&A activity, as the search continues for new markets to provide expansion. Fifty per cent of the CEOs surveyed say they have completed, or are planning, a cross-border merger or acquisition over the next 12-month period. In the UK this rises to 60%.
See full Survey.
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