Carney wins approval of finance directors
Britain’s finance directors “like what they’ve seen” of Mark Carney in his first six months as Bank of England Governor, according to Deloitte’s top number-cruncher.
Many leading economists have criticised Mr Carney’s forward guidance policy – a pledge to keep interest rates at 0.5 per cent until unemployment falls to 7 per cent – while MPs have damned the concept as “a total failure of logic”.
But Deloitte chief economist, Ian Stewart, pointed out the results of the Big Four accountant’s latest survey, which showed 49 per cent of finance directors were more upbeat about the UK’s economic outlook since the Canadian became the country’s top central banker. Only 3 per cent said they were less optimistic, with the balance arguing that the Bank’s policies have had no effect.
Mr Stewart said: “If you’re Carney you would say that in contrast to the scepticism of some economists about forward guidance, the big allocators of capital in the economy like what they’ve seen since July.”
The poll of 122 finance directors showed that nearly 60 per cent of them are ready to take greater risks with their balance sheets, such as increasing borrowing for acquisitions.
For the first time since the onset of the global crisis, the finance bosses said that bank loans were the most attractive forms of finance for their businesses. Only 16 per cent believe that there is the probability of the UK falling back into recession.
- 1 Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
- 2 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 3 Tunisian builder has been hailed a hero after knocking gunman to the ground with roof tiles
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 E.L James's #AskELJames Twitter Q&A didn't go exactly as planned
Kim Jong-un shows off airport designed by architect he likely had executed
Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
Dutch city of Utrecht to experiment with a universal, unconditional 'basic income'
German ethics council calls for incest between siblings to be legalised by Government
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Extend Right To Buy to tenants of private landlords, Labour's Jeremy Corbyn says
David Cameron struck double blow in his hopes to win Britain a new EU deal
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
iJobs Money & Business
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...
Negotiable: Recruitment Genius: This extremely successful and well-established...
Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...
Competitive (Freelance) : Guru Careers: An Investment Writer / Stock Picker is...