Mixed Economic Outlook in the UK

In an interview with Bloomberg Daybreak Europe Radio , BCG’s Raoul Ruparel unpacks why many UK business leaders are confident in their own prospects, despite anticipating a recession. A BCG survey found that many UK businesses are prioritizing cost-cutting initiatives, especially ahead of possible tax increases. “We’ve seen that the desire and the need to cut costs have risen quickly up the agenda—around 41% say they’re going to cut nonessential costs this year, which is double what it was two years ago,” Ruparel explains, adding that many executives hope regulation will help ease the burden on businesses.