A view from the CBI 2012: EY's Jon Hughes says: Businesses can longer sit on their hands and wait for the economy to improve significantly before planning strategic acquisitions, mergers or divestments

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EY’s Jon Hughes, live from the CBI conference, reflects on the debate around forging the economic future. Please click here http://bit.ly/SYMBTf

Jon Hughes, head of EY’s Transaction Advisory Services practice, says:

"Businesses can longer sit on their hands and wait for the economy to significantly improve before planning strategic acquisitions, mergers or divestments. As the Prime Minister said to CBI conference delegates this morning, Britain has to be a leader in the global race which means taking action today, not tomorrow."

Businesses considering acquisitions need to strike while the iron is hot

"Businesses considering acquisitions need to strike while the iron is hot in order to identify and integrate those assets and strategically position themselves in their chosen markets. Failure to act could lead to businesses playing second fiddle to their competitors in key growth markets."

Where good opportunities exist for those corporates with an eye for a deal, fortune will favour the brave

"In a market like this, where good opportunities exist for those corporates with an eye for a deal, fortune will favour the brave. Value and growth are not going to be created by waiting for a major upturn that is a long way off."