The response comes just a week after the Treasury announced the project, which is the most comprehensive survey of investment activity by UK companies ever carried out. Over 200 FDs questioned in this week's Accountancy Age Big Question were asked if the survey of companies' fixed assets was an unnecessary burden - 58% said yes while a further 24% remained neutral. The survey, which was carried out jointly with Reed Accountancy Personnel, found 41% did not believe the initiative would help UK investment. It has been designed to boost investment by UK business and shift the burden of estimating fixed assets from the Treasury to companies. The five-year survey, conducted by the Office for National Statistics, asks companies to provide details of their fixed assets and will be used to build a picture of capital investment in the UK. But the majority of FDs surveyed dismissed it as irrelevant. One said: 'There is no value in carrying out this survey - what is the point to it?' Margaret Hough, FD at Ronald Brown Group, the opticians, said: 'We already provide national statistical data. I wonder why this cannot be fed in.' Some FDs, however, said the survey addressed an area which had been neglected. 'This is a useful tool to monitor UK companies and their successes,' said Darren Burbage, FD at NRF. Another FD said: 'It is easy to fill in, and companies should be monitoring their assets closely anyway. It is a useful tool.'
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