Rob Baxter, UK Head of Corporate Finance at KPMG, commented:
“A combination of domestic and global factors continues to suppress UK dealmaking. But while the cost of borrowing will remain high, slowing inflation and a belief that central bank rates may have peaked are providing hope that more benign economic conditions can support successful dealmaking in 2024.
“Even in the current challenging landscape, deals involving high quality businesses are still getting done, but for the market to recover - boards, investment and credit committees need to feel that economic stability is here to stay.”