A Deloitte survey reveals that UK firms are implementing unprecedented cost-cutting measures in response to heightened geopolitical risks and concerns over the US economy's health. CFOs express significant uncertainty due to trade volatility, with many companies delaying major changes, such as restructuring supply chains. While some temporary measures, like a suspension of import tariffs, have been announced by the UK government, trade uncertainties persist, leading to anxiety among businesses about their future investments and operational strategies.
Periods of trade uncertainty tend to result in a prolonged squeeze on investment.
They need to show some judgment - it's not OK for the largest economy in the world to wreak havoc, not just domestically but across the global economy.
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