UK business confidence at all-time low, Deloitte report reveals

Poll finds 90% of CFOs at big firms report high uncertainty with most forecasting a deep and prolonged downturn

Business confidence at British companies has sunk to an all-time low because of the coronavirus pandemic, according to a survey of finance chiefs at the largest UK firms.

The accountancy group Deloitte found that nine out of 10 finance directors believe there is a high or very high level of uncertainty facing their business.