The level of economic uncertainty for businesses and individuals we are experiencing now is almost unprecedented, spurred by:
- Global political challenges with the continuing war in Ukraine and the continued instability in the Middle East despite the ceasefire
- The volatility in global markets and trading relationships in part impacted by the tariffs position stimulated by President Trump in the “America First” campaign
- Concern around the upcoming UK budget and what that might mean for businesses and individuals. The continued speculation about what might or might not be in the budget is damaging to confidence and stifling of action.
Consistency in government industrial, tax and fiscal policy is a cornerstone for fostering a robust business environment. When businesses operate in a climate of predictable and transparent regulation, they are empowered to make long-term commercial decisions with greater certainty. Conversely, frequent changes or ambiguity in government policy can undermine confidence, stifle investment, and ultimately hinder economic growth.
Read more from Sue Staunton, James Cowper Kreston here
