The Times reports that the UK economy is projected to experience a significant slowdown over the next two years. This is due mainly to the global tariff war initiated by Donald Trump. Despite this, a separate survey from BDO found mid-sized UK businesses are reacting to potential supply chain disruption from tariffs. With encouragement from the UK Government they are targeting new export markets in Asia, Africa and Australia. Nearly 40% expect to increase exports over the next year, rising to over 50% of businesses in the retail, wholesale and tech sectors.

BFS Comment:

While decisions coming out of the US continue to be unpredictable it makes sense to concentrate sales/marketing efforts elsewhere. The newly announced Trade ‘Deal’ with India is a classic example of what can potentially be achieved. If financing export activities is a problem then contact us on enquiries@bufinserv.co.uk or complete the enquiry form on our web site and request a free consultation.