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Long-term Brexit concerns reach all-time high, says Deloitte

Eight out of ten CFOs say they expect the long-term business environment to be worse as a result of the UK leaving the EU, according to Deloitte's latest CFO Survey. This is the highest level since the EU referendum in 2016. Pessimism about the short-term effects of Brexit remains elevated, with 49% of CFOs expecting to reduce their own capital expenditure and 22% cutting M&A as a consequence of Brexit. Around half (53%) of CFOs also expect to reduce hiring due to Brexit — the highest level in more than two years.

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