British business set to scale back spending amid eurozone fears

Uncertainty over EU vote and fragile global recovery means that confidence has fallen back to where it was in 2012

Worries about the eurozone and shaky prospects for the wider global economy have dented confidence among bosses of the UK's biggest companies, according to a survey.

After a tumultuous 2015, when a downturn in China and sharp slowdown in global trade prompted big businesses to scale back spending plans, the year ahead will be marked by even more caution, a poll of chief financial officers (CFOs) suggests.