"Ongoing conflict in the Middle East continues to disrupt global markets and oil prices, adding a persistent layer of uncertainty for UK firms. This geopolitical instability is driving higher cost pressures and intensifying concerns around supply chains and energy security, all of which are critical factors in strategic business decision making."
"With the upcoming local elections on 7th May, leaders say they lack clarity on the future direction of economic policy, taxation and regulation. This backdrop is reinforcing caution, particularly where decisions depend on long‑term policy signals or government support."
"Half cited inflation and interest rates as key concerns, while others highlighted rapid technological change, shifting tax policy and a volatile geopolitical backdrop."
Uncertainty is a major concern for UK businesses, with 88% of leaders reporting its negative impact on performance and decision-making. The issue is persistent, with 71% of executives noting that uncertainty has either increased or remained high over the past year. Geopolitical instability, particularly conflicts in the Middle East, is exacerbating cost pressures and supply chain concerns. Domestic political instability, especially ahead of local elections, adds to the uncertainty regarding economic policy and regulation, leading to caution in long-term decision-making.
Read at London Business News | Londonlovesbusiness.com
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