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84% of UK firms still confident for future

By Staff Reporter

Company bosses in the UK are investing in their staff and future growth despite significant wobbles in the global economy, a major survey has found.

An annual global CEO survey by business advisers found that 84% of company chiefs were confident in their prospects over the coming year.

The research was carried out by a PwC team based in Belfast, and the results unveiled at the World Economic Forum in Davos.

Paul Terrington, PwC regional chairman in Northern Ireland, said the commitment to long-term investment would position the UK well for growth.

"Ensuring that Northern Ireland is also perceived a good place to do business is equally important, particularly as we look forward to lowering corporation tax to complement a package of investment incentives that are already attracting overseas investors," he added.

But he also warned there needed to be a bigger focus on developing innovation and skills in order to counter the impact of public spending austerity and low levels of productivity and exports.

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