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Home working set to rise ‘five-fold’ over coming years

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Finance leaders expect levels of home-working to rise five-fold by 2025 compared to pre-pandemic levels and are forecasting higher levels of taxation and regulation in the longer term, according to Deloitte’s latest chief financial officers survey. An overwhelming balance (98%) of CFOs expect flexible and home working to increase.

Paul Schofield (photo, right), Deloitte practice senior partner for the South East based in Cambridge said: “The pandemic has triggered fundamental and lasting changes in business, with CFOs expecting rising levels of home-working, greater diversification of supply chains and increasing investment in technology.”

The survey also showed finance leaders expect a return to growth in 2021 with optimism rising to a record high although 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. It also shows that expectations for hiring and spending are running higher than the levels seen between 2016 and mid-2019. But the survey, taken before the latest Covid restrictions and the Brexit deal, also shows that risk appetite remains weak with only 19 per cent of CFOs believing it is a good time to take greater risk onto the balance sheet, although this is up from just 3 per cent a year ago.

Last Updated ( Wednesday, 13 January 2021 17:56 )