The ICAEW believes that a growing acceptance among UK businesses that they must take action now for the tough times ahead should help the UK economy avoid recession. Commenting on the release of the latest ICAEW Business Confidence Monitor, Robin Fieth, ICAEW executive director of finance and operations, said: 'We are seeing a new realism among businesses about the need to weather the current economic conditions with projected staff and capital investment both significantly down on this time last year.'
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