Belfast Telegraph

Business confidence still low among top bosses

By Clare Weir

Tough domestic and export markets and concerns over eurozone stability contribute to a lack of business confidence in Northern Ireland, according to a new report.

Cost-cutting, skills shortages and sourcing finance are top concerns in PriceWaterhouseCooper's 16th annual global survey of chief executives. The survey results were released on the first day of the World Economic Forum annual meeting in Davos, Switzerland.

Paul Terrington, regional chairman of PwC in Northern Ireland, said that "more of the same" is the expectation of many economists.

"The UK findings reflect the concerns of companies in Northern Ireland, where tough domestic and export markets and concerns over eurozone stability contribute to a lack of business confidence," he said. "More than any other nation in the survey, UK CEOs say they want a skilled workforce.

"Unlike their Western European counterparts, UK CEOs see a skills strategy being more the responsibility of government than of the private sector."

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