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Deloitte's survey of corporate finance chiefs released on Monday showed that British companies were most worried about leaving Europe since the 2016 referendum and planned to cut investment and recruitment.
According to the survey, 83% of corporate CFOs believe that leaving the EU would jeopardize the long-term business environment in the UK.
Only 4% of CFOs surveyed said it was a good time to take on more balance sheet risk, the lowest proportion since the collapse of Lehman Brothers in 2008.
About two-thirds of the CFOs surveyed expected to reduce recruitment in the next three years as a result of Britain's withdrawal from Europe, and 47% of the CFOs surveyed expected to reduce capital expenditure.
In addition, the British Industrial Union (CBI) said on Monday that it expects business investment to decline by 1.3% in 2019, the biggest decline since the financial crisis, even if Britain can avoid an agreement-free withdrawal from Europe.
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