Story perspectives

UK CFO Confidence Plummets to -57% Amid Economic Concerns

4/13/2026

Summary

Story summary

Britain’s largest companies report net confidence at -57% in March 2026, lowest since COVID-19, down from -13% in 2025, per Deloitte.
CFOs cite rising energy prices, inflation, and higher rates as major concerns, with 61% expressing significant worry.
The survey shows a shift toward cost-cutting, with 79% of CFOs expecting hiring to decrease next year.
Geopolitical risks, notably the Iran war, reshape sentiment and drive cash conservation and cost control.

History

Historical Context

In 2023, the UK grappled with economic turmoil as inflation surged to 10.1%, driven by rising energy costs linked to the Ukraine conflict. This situation echoed the 2008 financial crisis, when the collapse of banks like Lehman Brothers strained economies. Amidst these challenges, 61% of CFOs expressed concerns over costs, prompting companies to prioritize cash conservation, reflecting a cautious approach reminiscent of past downturns.

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Story summary

Britain’s largest companies report net confidence at -57% in March 2026, lowest since COVID-19, down from -13% in 2025, per Deloitte.
CFOs cite rising energy prices, inflation, and higher rates as major concerns, with 61% expressing significant worry.
The survey shows a shift toward cost-cutting, with 79% of CFOs expecting hiring to decrease next year.
Geopolitical risks, notably the Iran war, reshape sentiment and drive cash conservation and cost control.

1 / 2