In brief...: Worst is still to come warning

Jul 18 2008

Two-THIRDS of financial chiefs among the UK's top 350 companies believe the worst impact of the credit crunch is yet to come, it has emerged.

The gloomy forecast was made in professional services firm Deloitte's second-quarter survey of 83 chief financial officers, representing companies worth a combined £260 billion. More than three-quarters (77 per cent) of chief financial officer said credit is hard to obtain, Deloitte said.