CFOs predict more flexible and home working
Changes will be in place for some time, say finance leaders
Finance leaders expect flexible and home working to increase after the pandemic, with a five-fold increase in home working by 2025.
They also expect a return to growth in 2021 with optimism rising to a record high, according to Deloitte’s latest CFO survey.
Respondents said the impact of the pandemic would mean corporate and individual taxation was likely to rise, with nearly two-thirds (62%) anticipating higher regulation of the corporate sector and 59% saying the role of government in the economy will increase.
Despite the surge in business optimism, half of CFOs do not expect demand for their own businesses to recover to pre-pandemic levels until the last quarter of 2021 or later.
There was a sharp improvement in CFO expectations for UK corporates’ revenues this quarter with 71% expecting a rise over the next 12 months, sharply higher than the 29% response in Q3, while over half (53%) of CFOs expected operating costs to rise.