A Trump presidency would likely focus on maintaining US capital market supremacy, while the UK government has prioritised public service investment and raising living standards. These diverging visions could not be more different - both are an- swers to the big questions facing mature economies, deliverable by their own clear democratic mandates. These diverging ideas of what the best medicine is for the modern-day affliction of falling productivity, living standards and growth may create additional friction in areas such as climate goals, food safety, and international security. However, the unpredictability of realpolitik should not be underestimated. Whether Trump can follow through on his tariff threats without derailing his own agenda, or whether the UK can withstand US demands for regulatory changes, depend on unforeseeable factors. Abhishek’s advice to smaller businesses is clear: focus on resilience. “UK business- es have always excelled at keeping calm and carrying on. By seeking expert advice, mitigating risks, and exploring untapped markets, they can weather even the most turbulent times.”
The EU is also not immune to challenges. Political instability in France and the rise of right-wing movements in Germany raise concerns about the union’s future stability. The appetite for upheaval is little, while the appetite for more national navel gazing is high. The affliction is not limited to the US alone. These issues could impact export-focussed UK businesses. However, Abhishek suggests such shifts might also open new doors with opportunities beyond the EU and US. Emerging markets in the Middle East, India, and Southeast Asia are alternatives. Unlocking these markets will require businesses to leverage government programs and grants, even if accessing these resources feels daunting at times. For UK businesses to navigate uncertainty, high-quality advice and support are therefore essential. Organisations like the FSB play an important mediating function, guiding enterprises offering resources, and connecting them with government support. For example, companies looking to export to Singapore can access dedicated funding, although navigating multiple departments may require persistence and quality support. Abhishek also underscores the importance of managing financial risks, particularly ex - change-rate volatility. “Fixing rates for the future can act as an insurance policy for your business,” he explains. He encourages businesses to think of these tools as they would a mortgage or warrants essential risk management instruments that are readily available, and simpler than one might imagine.
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