Get free access to
We will send you only relevant information we consider may be of your interest and treat your personal data in compliance with our Privacy policy, cookies policy and UK GDPR.
Unable to subscribe? Try this page.
Global economic forecasts are being revised downward, with both the UK and the US facing weaker growth expectations. In this climate, the UK government’s measured approach to trade negotiations with the United States has drawn support from the business community. We explore why maintaining dialogue — not retaliation — may be the best move for now.
Amid global economic headwinds, the UK government is being praised for its level-headed stance in tariff discussions with the United States. According to the British Chambers of Commerce (BCC), the approach of staying at the negotiation table rather than escalating trade tensions is a wise one, especially as business sentiment remains fragile.
The latest outlook from the International Monetary Fund (IMF) revises global GDP growth downward to 2.8%, with the UK forecast dropping from 1.6% to 1.1%, and the US from 2.7% to 1.8%. These changes are attributed in part to rising tariffs and growing trade uncertainty.
William Bain, Head of Trade Policy at the BCC, noted that UK firms are already facing elevated costs at home and the risk of further trade disruption. “The decision to avoid knee-jerk reactions and continue discussions shows strategic maturity. With the right agreements, we could still see some upside,” he said.
The BCC also called on the government to boost domestic confidence through infrastructure investment, targeted tax reforms, and reducing regulatory barriers — essential moves to weather the global slowdown.
Check out the BCC website and IMF website for more information.
Accounting and reporting services | Accounting online portal | Payroll and HR outsourcing | Payroll and HR online portal | Tax compliance and advisory | Go-to-market and corporate services | Company secretarial services
About Accace Adept UK
We are a joint venture between Accace and Adept Advisory, established to pursue a long-term strategy of providing innovative Business Process Outsourcing (BPO) and advisory services to clients in the United Kingdom and South Africa. We joined forces to augment each other’s valuable insight, knowhow and practices, whilst combining our experience in complementary fields of expertise.
About Accace Circle
Accace Adept operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 60 jurisdictions with more than 7,000 professionals, we support over 80,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 800,000 pay slips globally.
Accace UK Limited (trading as Accace Adept)
Berkeley Suite, 35 Berkeley Square, Mayfair London W1J 5BF, United Kingdom
