Chief Finance Officers are losing confidence in sustainable economic growth, CDO (an advise firm) even warns that the economy could shrink in the second quarter of next year. Chief Finance Officers all agree that this is not the time to take risks, despite of the improving conditions to loan. This lack of growth could bring the new government in trouble because it has based their tax plan on a growth percentage of 1.2. The pressure on the bank of England is growing because of this lack of confidence, they will have to inject more money into the fragile economy to boost it.
- Tijl Carpels
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