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Blue-chip Brits plan for growth.

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PositionINFORM - Brief article

Some of Britain's largest companies have indicated that the UK may soon offer a more conducive environment for commercial growth, according to a survey by Deloitte.

Six out of ten respondents expect to invest more than [pounds sterling]50m apiece in growth projects this year, while more than two-thirds believe that the next three years will be a period of expansion for them.

Of the 126 companies in the survey, each of which turns over more than [pounds sterling]1bn a year, only 28 per cent feel that the next three years will be about achieving stability rather than growth. Only 4 per cent are focused on survival alone.

"The low-growth environment of the past five years, coupled with levels of consumer and government debt, mean that big business has to take a lead in driving a new era of wealth creation," said David Sproul, UK chief executive of Deloitte. "Eighty per...

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