British CFOs Turned Risk-Averse Even Before US Tariffs
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British companies’ finance chiefs had adopted their most defensive positions since the pandemic even before US President Donald Trump’s tariffs sent global markets into a tailspin.
Only 12% of chief financial officers said now is a good time to take greater risk on to their balance sheets, half the long-term average of about a quarter. The CFOs were surveyed by Deloitte UK between March 18 and 31, days before Trump started a global trade war. Levels of risk appetite were last lower in early 2020 amid the onset of the Covid pandemic.