Big UK companies kick recovery hopes into long grass – Deloitte

Britain's biggest companies think it will take longer for demand to return to pre-pandemic levels than they did a few months ago, another sign of how the outlook for the country's economy is worsening, a survey showed on Monday. Accountants Deloitte said 62% of chief financial officers at major British companies thought it would take at least until the second half of next year before demand recovers, compared with 49% in the previous survey published in July. A resurgence of the pandemic has forced Prime Minister Boris Johnson to tighten containment measures, further dragging on an economic recovery that had already started to wane.