Sixty-one per cent of the UK’s financial services practitioners feel more optimistic about the country’s economy than three months ago, according to a recent Chartered Institute for Securities & Investment (CISI) survey.
The autumn survey of 680 respondents has shown double the confidence level recorded when the CISI previously ran the poll in spring 2013.
In the latest survey, respondents were asked: Compared with how you felt about the UK economy three months ago, are you:
- More optimistic (61%).
- Unchanged (32%).
- Less optimistic (7%).
By comparison, when the CISI last ran the survey in spring 2013 the results were:
- More optimistic (31%).
- Unchanged (46%).
- Less optimistic (23%).
Simon Culhane, CISI chief executive (CEO) said: “This survey shows that those in our sector are in tune with Bank of England [BoE] governor Mark Carney and his comments indicating that the UK recovery has ‘taken hold’.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.