The finance chiefs of Britain’s largest companies are pushing back the date for a return to business as usual.
Over the last three months, chief financial officers of FTSE 100 and FTSE 250 companies have slashed their expectations for a full recovery in business demand before next summer, a closely watched survey by Deloitte published today shows.
The findings will fuel fears that the government’s new restrictions are plunging businesses deeper into crisis. After a robust performance over the summer, the economic recovery has started to run out of steam and analysts expect output to shrink over the coming months.
At the end of June, 10 per cent of chief financial officers said that demand had already returned to pre-pandemic levels, 41 per cent expected
