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Businesses face ‘unprecedented’ political risk ahead of Budget
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News Archives - City AM
Businesses face ‘unprecedented’ political risk ahead of BudgetBusinesses are facing concerns over growing political risks.
UK business leaders are battling an “unprecedented scale” of simmering global tensions which are set to impact profitability, according to a new survey.
Concerns have spiked from the beginning of the year, a fresh survey from Beazley has concluded, with 85 per cent of UK business leaders saying political risk is affecting their profitability.
With National Insurance going up 1.2 per cent in the last Budget and further taxes expected to come, UK firms are growing more worried.
Inflations concerns are also higher, with 27 per cent of global businesses, compared to 24 per cent in 2024.
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