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Policy changes post-election are ‘biggest threat’ to business, say retail chiefs

Financial bosses of large businesses said policy changes and a referendum on EU membership after the election were the biggest threats to UK business.

According to a poll by Deloitte, which surveyed 108 chief financial officers of FTSE 350 companies and other large private UK businesses, 58% said a shake-up in power could upset the “benign policy environment”.   

Published in The Guardian, the survey said the second biggest worry for financial bosses was a vote on leaving the European Union, while 51% of people said now was a good time to take risks in the business, down from 72% last autumn.

Spending in big firms is also down with 53% of chief financial officers saying they will increase spending in the next 12 months, down from a high of 80% a year ago.

@jillgeoghegan

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