Davos: CEOs investing in people and growth

CHIEF EXECUTIVES in Britain are investing heavily in their people and future growth this year despite rising global risks, according to PwC's 19th Annual Global CEO Survey published at the World Economic Forum in Davos.

The survey of more than 1,400 global leaders, including 105 UK CEOs, reveals that 84 per cent of UK CEOs are confident in their company’s prospects for the year ahead, and a third are very confident. This level of confidence is slightly down on last year.

Two thirds of UK business leaders plan to increase the size of their workforce in 2016, more than any of their European peers and most of their global peers. This number is up sharply from last year, when 49 per cent of UK CEOs expected to increase headcount.

PwC said 86 per cent of UK business leaders see technological advances as the most significant disruptive trend which will transform their industry.