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U.K. Businesses Revisit Growth Plans


British businesses are dusting off plans to invest in new staff, equipment and facilities, surveys show—a development that could reverse a trend that has undermined the economy for years.

Previous episodes of U.K. growth have sputtered out in part because companies, rattled by the economic outlook, have stockpiled cash. But recent U.K.-wide surveys suggest that companies are getting less worried about some of the factors behind their reluctance to spend, such as weak consumer demand, government spending cuts and the debt crisis in the euro zone.

Accountancy group Deloitte said this month its latest quarterly survey of chief financial officers showed the biggest appetite for hiring and investment in two years.