So, what joys has the world brought UK businesses recently?
Let’s start with Trump’s tariffs. Yes, they’re back – or at least threatening to be – and they’ve thrown a spanner in the works for countless firms, particularly here in the Midlands. With such a huge automotive presence, it’s not just the big exporters feeling the pressure. The ripple effect is already hitting second- and third-tier suppliers—those who support the businesses that support the exporters. Everyone’s watching their margins, and many are seeing revenue slide.
The worst part? It’s all a mess. The US courts are playing ping-pong with the policy while manufacturers are left in limbo. Uncertainty is now the only certainty. If you’re not scenario planning for cash flow – best case, worst case, somewhere-in-the-middle case – you’re flying blind. This is exactly the kind of chaos that keeps business owners up at night.
And if that’s not enough, say hello (again) to nationalised rail. South Western Railway is the first to return to public hands. Honestly, it’s depressing. I’m not saying privatisation was perfect, but has the government ever shown itself to be a masterclass in operational efficiency? Councils are going bust, the NHS is overwhelmed, and now we’re asking Whitehall to run your morning commute?
Our clients in the rail sector have been hit hard. These were the businesses pushing innovation, increasing efficiency, actually improving service. Now? They’re winding down projects, contracts aren’t being renewed, and the appetite for long-term investment is evaporating. Expect declining service and more frustration on the tracks.
But finally, a glimmer of hope: hiring seems to be picking up again. After the freeze that kicked in around October, spurred on by the National Insurance hike, we’re seeing some movement. It’s been particularly noticeable in May, now businesses have digested their first higher payroll runs and realised: we actually do need more people. Especially at senior level.
In short: it’s messy out there. But you don’t have to navigate it alone. Cash flow forecasting, scenario planning, and proactive financial advice aren’t luxuries—they’re lifelines.
If you don’t have that expertise in-house, it might be time to consider outsourcing. It’ll help you make decisions with confidence and sleep better at night.
