Latest news with #SpringStatement
The Herald Scotland
18 hours ago
- Business
- The Herald Scotland
Uncertainty for savers as Rachel Reeves eyes ISA changes
Recent months have seen intense debate about potential ISA reforms, particularly following Reeves' Spring Statement in March, where she expressed a desire to 'get the balance right between cash and equities to earn better returns for savers, boost the culture of retail investment, and support the growth mission'. The prospect of slashing the cash ISA allowance from £20,000 to as low as £4,000 has sparked alarm, with fears it could penalise cautious savers. On 20 May, the Chancellor confirmed to the BBC that the overall £20,000 ISA allowance would remain intact. Yet, her silence on the specific cash ISA limit within the overall allowance has kept speculation alive, with a potential cut remaining on the table as part of a broader review expected to be launched in July's Mansion House speech. The rationale behind potential reforms is partly rooted in a desire to channel more capital into UK markets. Reeves has been vocal about revitalising the London Stock Exchange, noting that 'hundreds of billions of pounds in cash ISAs' are not being invested productively. This echoes the recent Mansion House Accord, an agreement with the UK's largest workplace pension scheme providers to allocate at least 5% of their default funds to UK private market assets by 2030, which could be followed by further measures aimed at supporting UK public markets too. By potentially nudging cash savers towards stocks and shares ISAs, the government may also hope to address the UK stock market's challenges, including a decline in initial public offerings (IPOs), companies relocating listings overseas where they can command higher valuations and private equity buyouts, factors which have led to a 20% decline in the number of UK listed companies over the last five years. One proposed reform, floated by investment bank Peel Hunt, involves simplifying the ISA system by merging cash and stocks and shares ISAs into a single product and abolishing lifetime ISAs and innovative finance ISAs. Peel Hunt argues that with ISA tax reliefs costing the Treasury an estimated £9.4 billion annually, redirecting these incentives towards UK-focused investments could deliver better value for taxpayers. While such a move would align with Reeves' growth agenda, it would severely limit investor flexibility. From a public policy perspective and for the brokers and fund managers who make a living off the UK markets, the case for refocusing ISAs on UK assets may seem compelling. The UK stock market has struggled as pension funds have dramatically reduced their UK equity holdings since the late 1990s, and retail investors have increasingly favoured US equities. However, from the perspective of ISA investors, such restrictions would be a step backward to the old days of personal equity plans, which had such limitations on overseas investments before they were replaced by ISAs. Limiting stocks and shares ISAs to UK assets – or requiring a minimum level of UK exposure - would reduce the scope for diversification, a cornerstone of sensible investing. Historically, overseas markets —notably US equities — have often outperformed UK equities over long periods. Forcing investors to prioritise UK stocks could undermine the very returns Reeves seeks to enhance. A potential beneficiary of a UK-focused ISA regime could be the investment trust sector, which has faced headwinds recently with trusts trading at wide discounts, limited new share issuance and the arrival of activists on the scene. UK-listed investment trusts that invest globally, many of which are managed in Edinburgh, might attract fresh demand if investors are required to allocate a portion of their ISA to UK-listed assets. Such trusts could offer a workaround, allowing exposure to international markets while supporting the UK financial services sector, a significant tax revenue generator and employer in both London and Edinburgh. An alternative to mandating UK investment in ISAs could be through incentives or the removal of impediments, such as scrapping stamp duty on UK share purchases within ISAs, which undermines the 'tax-free' promise and is a disadvantage over buying US shares where no such transaction tax exists. An even bolder idea would be a modest income tax credit or top-up 'bonus' for stocks and shares ISA subscriptions, subject to a minimum holding period to prevent short-term trading. This could incentivise equity investment while preserving saver choice. As we await the launch of the consultation and its outcome, likely to be detailed in the Autumn Budget, savers and investors would be wise to make use of the current allowances while they can, especially given the high tax burden. The £20,000 ISA allowance is safe for now, but changes to cash ISAs or restrictions on stocks and shares ISAs could reshape how we save and invest in the future. The Chancellor's desire to boost UK investment is laudable, but it must not come at the expense of savers' flexibility or financial security. Jason Hollands is a managing director at wealth management firm Evelyn Partners which has offices in Glasgow, Edinburgh, and Aberdeen
Wales Online
20 hours ago
- Health
- Wales Online
DWP full list of PIP groups most likely to lose payments under new rules
DWP full list of PIP groups most likely to lose payments under new rules The DWP has now conducted analysis of PIP claimants who did not score four points in at least one daily living activity in 18 of the most common disabling conditions The Department for Work and Pensions (DWP) predicts that changes to the eligibility rules for the daily living component of Personal Independence Payment (PIP) will lead to 370,000 current claimants losing their entitlement during the financial year 2029/30. The impact assessment, released in March, also forecasts that 430,000 future PIP claimants will not qualify for the disability benefit once the reforms are implemented, resulting in an average annual loss of £4,500 each. The DWP has carried out an analysis of PIP claimants who did not score four points in at least one daily living activity across 18 of the most prevalent disabling conditions. These conditions were selected as they represent the largest proportions of PIP caseloads. Minister for Social Security and Disability, Sir Stephen Timms, disclosed the findings of the analysis in a written response to Liberal Democrat MP Victoria Collins. Sir Timms stated: "A breakdown of the impact of the reforms on disability overall has been published as part of an Equality Analysis of the Spring Statement package of measures", reports the Daily Record. He added: "Data on the health conditions of Universal Credit claimants being placed in the LCWRA has been published and will continue to be taken into account in the future programme of analysis." The DWP Minister concluded: "Analysis of those who do not score four points in at least one daily living activity for Personal Independence Payment (PIP) has now been undertaken." He went on to explain that the table of findings "shows the volume of claimants with the 18 most common disabling conditions in receipt of the PIP daily living component in January 2025, as well as the volume and proportion of these claimants who were awarded less than four points in all 10 daily living activities." DWP analysis of current daily living awards The DWP's notes on this analysis clarify that the category for health conditions is determined by the primary health condition recorded on the PIP Computer System at the time of the latest assessment. While many claimants have more than one health condition, only the primary condition is used for analysis purposes. Provided below is a list detailing PIP health conditions alongside the number of recipients receiving the PIP daily living component, as well as those granted fewer than four points in all daily living activities as of the end of January 2025. Arthritis - 279,000 claimants, 13,000 (6%) scored less than 4 points. Other Regional Musculoskeletal Diseases - 136,000 claimants, 97,000 (71%) scored less than 4 points. Chronic Pain Syndromes - 173,000 claimants, 97,000 (71%) scored less than 4 points. Cardiovascular Diseases - 61,000 claimants, 38,000 (62%) scored less than 4 points. Respiratory Diseases - 83,000 claimants, 45,000 (55%) scored less than 4 points. Multiple Sclerosis and Neuropathic Diseases - 80,000 claimants, 38,000 (48%) scored less than 4 points. All Other Conditions - 272,000 claimants, 126,000 (46%) scored less than 4 points. Other Neurological Diseases - 97,000 claimants,35,000 (36%) scored less than 4 points. Cerebrovascular Diseases - 56,000 claimants, 19,000 (34%) scored less than 4 points. Cancer - 70,000 claimants, 23,000 (33%) scored less than 4 points. Epilepsy - 36,000 claimants, 11,000 (30%) scored less than 4 points. Other Psychiatric Disorders - 90,000 claimants, 25,000 (28%) scored less than 4 points. Cerebral Palsy and Neurological Muscular Diseases - 47,000 claimants, 11,000 (24%) scored less than 4 points. Psychotic Disorders - 112,000 claimants, 26,000 (23%) scored less than 4 points. ADHD / ADD - 75,000 claimants, 14,000 (19%) scored less than 4 points. Autistic Spectrum Disorders - 206,000 claimants, 13,000 (6%) scored less than 4 points. Learning Disabilities - 188,000claimants, 7,000 (3%) scored less than 4 points. Other disabling condition groups which cover smaller proportions of the PIP caseload are covered in the 'Other Conditions' category. This includes: Visual Diseases Other General Musculoskeletal Diseases Endocrine Diseases Hearing Disorders Gastrointestinal Diseases Genitourinary Diseases Skin Diseases Autoimmune Diseases (Connective Tissue Disorders) Infectious Diseases Diseases of the Liver, Gallbladder or Biliary Tract Haematological Diseases Metabolic Diseases Multisystem and Extremes of Age Diseases of the Immune System Anxiety and Depression Anxiety disorders - Other / type not known Post traumatic stress disorder (PTSD) Stress reaction disorders - Other / type not known Generalised anxiety disorder Phobia - Specific Phobia - Social Agoraphobia Panic disorder Obsessive compulsive disorder (OCD) Anxiety and depressive disorders - mixed Conversion disorder (hysteria) Body dysmorphic disorder (BDD) Dissociative disorders - Other / type not known Somatoform disorders - Other / type not known Depressive disorder Bipolar affective disorder (Hypomania / Mania) Mood disorders - Other / type not known Daily living component for PIP You might get the daily living component of PIP if you need help with: eating, drinking or preparing food washing, bathing, using the toilet, managing incontinence dressing and undressing talking, listening, reading and understanding managing your medicines or treatments making decisions about money mixing with other people How difficulty with tasks is assessed The DWP will assess how difficult you find daily living and mobility tasks. For each task, the DWP will look at: whether you can do it safely how long it takes you how often your condition affects this activity whether you need help to do it, from a person or using extra equipment The descriptors Your ability to carry out each activity is measured against a list of standard statements describing what you can or cannot do. These are known as the descriptors. The health professional will advise the DWP which descriptor applies to you for each activity. The Citizen's Advice website has a whole section dedicated to this along with a downloadable guide to all the points awarded for each response - you can view this here. An example they use is there are six descriptors for 'Dressing and undressing', ranging from 'Can dress and undress unaided' to 'Cannot dress or undress at all'. Each descriptor carries a points score ranging from 0 to 12. Using aids or appliances Your ability to carry out the daily living activities and the mobility activities will be assessed as if you were wearing or using any aids or appliances it would be reasonable for you to use. This applies whether or not you normally use those aids or appliances. However, if you use or need aids and appliances, this can help you to score more points - find out more here. Citizens Advice explains: 'An aid is any item which improves, provides or replaces impaired physical or mental function. It doesn't have to be specially designed as a disability aid. Examples include a stool you need to sit on when cooking, or a walking stick to help you stand.' Daily living scores Citizens Advice explains to get the daily living component of PIP, you must have a physical or mental condition that limits your ability to carry out some or all of the activities below. The maximum amount of PIP points that can be awarded for that question are shown. Daily living activity: Preparing food - 8 Taking medication - 10 Managing therapy or monitoring a health condition - 8 Washing and bathing - 8 Managing toilet needs or incontinence - 8 Dressing and undressing - 8 Communicating verbally - 12 Reading and understanding symbols and words - 8 Engaging with other people face to face - 8 Making budgeting decisions - 6 Points and payment rates After answering all the daily living activity questions: If you get between 8 and 11 points in total - you will be awarded the standard rate of PIP If you get at least 12 points in total - you will be awarded the enhanced rate of PIP After answering all the mobility activity questions: If you get between 8 and 11 points in total - you will be awarded the standard rate of PIP If you get at least 12 points in total - you will be awarded the enhanced rate of PIP The latest DWP figures show that at the end of January there were 3.7 million PIP claimants across Great Britain. Work and Pensions Secretary Liz Kendall has previously said more than 1,000 PIP claims are being awarded per day, making the argument for welfare reforms to ensure the system is sustainable for the future. The proposed changes will come into force in November 2026, subject to parliamentary approval. Reforms also include increasing the number of face-to-face assessments. At present, most are being conducted remotely over the phone, by video call, or paper-based. However, there will be no freeze on PIP payments, which will continue to be non-means-tested, and rise in-line with the September inflation rate. There will be no changes to the mobility component. Article continues below You can complete the UK Government's consultation on proposed changes to PIP and the benefits system on here.
The National
3 days ago
- Business
- The National
FOI reveals Anas Sarwar didn't raise welfare cuts with Rachel Reeves
On March 26, the Chancellor delivered her Spring Statement and announced a £5 billion package of welfare cuts, with a huge number of people now set to be denied the Personal Independence Payment (PIP). Charities and health experts have since warned the cuts could risk lives, as the UK Government's own analysis indicates that an extra 250,000 people could be living in relative poverty by 2029-30 as a result – including 50,000 children. But an FOI submitted by the SNP, which asked for any correspondence to Reeves from Sarwar and his frontbench spokesperson Paul O'Kane between March 1 and April 15 this year, received this response: 'We can confirm that the HM Treasury does not hold information within the scope of your request.' READ MORE: 'That shouldn't be happening': Inside a chaotic Hamilton by-election hustings Scores of Labour politicians have made clear their opposition to the plans over the past few months, including Manchester mayor Andy Burnham who has said "it feels like the wrong choice". Scottish Labour leader Sarwar, meanwhile, has defended the cuts publicly, saying the impact assessment only considered the benefits changes, not a "package of measures" announced by the UK Government which could help tackle poverty. SNP MSP Collette Stevenson said the FOI revealed that Sarwar 'will always stand up for the Prime Minister rather than stand up for vulnerable households in Scotland'. She added: 'From adopting harmful Tory policies to copying Tory austerity, the priorities and values of this Labour Party are completely out of sync with those of the people of Scotland. 'However, it seems that Scottish Labour are on the same page as their Westminster bosses; content to stay silent while hundreds of thousands of families have critical support taken away by Rachel Reeves (above). 'Yet again, Anas Sarwar has shown he will always stand up for the Prime Minister rather than stand up for vulnerable households in Scotland. 'The SNP is taking action to ensure that Scotland remains the only party in the UK where rates of child poverty are falling, including providing support through the Scottish Child Payment and working towards abolishing Labour's two-child cap. 'But Labour's choices at Westminster are holding back Scotland's progress, and senior figures in Scottish Labour have nothing to say about it. 'While Anas Sarwar looks for his missing backbone, the SNP is putting Scotland first - and standing up to the cruel policies of the UK Labour Government." Scottish Labour have been approached for comment.
Daily Record
3 days ago
- Health
- Daily Record
People on PIP most at risk of losing payments under new DWP welfare reforms
DWP analysis breaks down 18 most-claimed PIP conditions and daily living scores below four points. The Department for Work and Pensions (DWP) estimates that proposed eligibility rule changes to the daily living component of Personal Independence Payment (PIP) will result in 370,000 existing claimants losing their entitlement when their award is reviewed during the 2029/30 financial year. The impact assessment, published in March, also estimates that 430,000 future PIP claimants will not qualify for the disability benefit once the reforms come into force, with an average loss of £4,500 each year. The DWP has now conducted analysis of PIP claimants who did not score four points in at least one daily living activity in 18 of the most common disabling conditions. These conditions have been chosen as they make up the highest proportions of PIP caseloads. Minister for Social Security and Disability Sir Stephen Timms, shared the analysis findings in a written response to Liberal Democrat MP Victoria Collins. Sir Stephen said: 'A breakdown of the impact of the reforms on disability overall has been published as part of an Equality Analysis of the Spring Statement package of measures 'Data on the health conditions of Universal Credit claimants being placed in the LCWRA has been published and will continue to be taken into account in the future programme of analysis.' The DWP Minister continued: 'Analysis of those who do not score four points in at least one daily living activity for Personal Independence Payment (PIP) has now been undertaken.' He added that the table of findings 'shows the volume of claimants with the 18 most common disabling conditions in receipt of the PIP daily living component in January 2025, as well as the volume and proportion of these claimants who were awarded less than four points in all 10 daily living activities.' DWP analysis of current daily living awards DWP notes on the analysis state that the health condition category is based on primary health condition as recorded on the PIP Computer System at time of latest assessment. Many claimants have multiple health conditions but only primary condition is available for analysis. The list below shows PIP health conditions, the number of comments in receipt of PIP daily living component and the number of claimants awarded less than four points in all daily living activities at the end of January 2025. Back Pain - 194,000 claimants, 154,000 (79%) scored less than 4 points Arthritis - 279,000 claimants, 13,000 (6%) scored less than 4 points Other Regional Musculoskeletal Diseases - 136,000 claimants, 97,000 (71%) scored less than 4 points Chronic Pain Syndromes - 173,00 claimants, 97,000 (71%) scored less than 4 points Cardiovascular Diseases - 61,000 claimants, 38,000 (62%) scored less than 4 points Respiratory Diseases - 83,000 claimants, 45,000 (55%) scored less than 4 points Multiple Sclerosis and Neuropathic Diseases - 80,000 claimants, 38,000 (48%) scored less than 4 points All Other Conditions - 272,000 claimants, 126,000 (46%) scored less than 4 points Other Neurological Diseases - 97,000 claimants,35,000 (36%) scored less than 4 points Cerebrovascular Diseases - 56,000 claimants, 19,000 (34%) scored less than 4 points Cancer - 70,000 claimants, 23,000 (33%) scored less than 4 points Epilepsy - 36,000 claimants, 11,000 (30%) scored less than 4 points Other Psychiatric Disorders - 90,000 claimants, 25,000 (28%) scored less than 4 points Cerebral Palsy and Neurological Muscular Diseases - 47,000 claimants, 11,000 (24%) scored less than 4 points Psychotic Disorders - 112,000 claimants, 26,000 (23%) scored less than 4 points ADHD / ADD - 75,000 claimants, 14,000 (19%) scored less than 4 points Autistic Spectrum Disorders - 206,000 claimants, 13,000 (6%) scored less than 4 points Learning Disabilities - 188,000claimants, 7,000 (3%) scored less than 4 points Other disabling condition groups which cover smaller proportions of the PIP caseload are covered in the 'Other Conditions' category. This includes: Visual Diseases Other General Musculoskeletal Diseases Endocrine Diseases Hearing Disorders Gastrointestinal Diseases Genitourinary Diseases Skin Diseases Autoimmune Diseases (Connective Tissue Disorders) Infectious Diseases Diseases of the Liver, Gallbladder or Biliary Tract Haematological Diseases Metabolic Diseases Multisystem and Extremes of Age Diseases of the Immune System Anxiety and Depression Anxiety disorders - Other / type not known Post traumatic stress disorder (PTSD) Stress reaction disorders - Other / type not known Generalised anxiety disorder Phobia - Specific Phobia - Social Agoraphobia Panic disorder Obsessive compulsive disorder (OCD) Anxiety and depressive disorders - mixed Conversion disorder (hysteria) Body dysmorphic disorder (BDD) Dissociative disorders - Other / type not known Somatoform disorders - Other / type not known Depressive disorder Bipolar affective disorder (Hypomania / Mania) Mood disorders - Other / type not known Daily living component for PIP You might get the daily living component of PIP if you need help with: eating, drinking or preparing food washing, bathing, using the toilet, managing incontinence dressing and undressing talking, listening, reading and understanding managing your medicines or treatments making decisions about money mixing with other people How difficulty with tasks is assessed The DWP will assess how difficult you find daily living and mobility tasks. For each task, the DWP will look at: whether you can do it safely how long it takes you how often your condition affects this activity whether you need help to do it, from a person or using extra equipment The descriptors Your ability to carry out each activity is measured against a list of standard statements describing what you can or cannot do. These are known as the descriptors. The health professional will advise the DWP which descriptor applies to you for each activity. The Citizen's Advice website has a whole section dedicated to this along with a downloadable guide to all the points awarded for each response - you can view this here. An example they use is there are six descriptors for 'Dressing and undressing', ranging from 'Can dress and undress unaided' to 'Cannot dress or undress at all'. Each descriptor carries a points score ranging from 0 to 12. Using aids or appliances Your ability to carry out the daily living activities and the mobility activities will be assessed as if you were wearing or using any aids or appliances it would be reasonable for you to use. This applies whether or not you normally use those aids or appliances. However, if you use or need aids and appliances, this can help you to score more points - find out more here. Citizens Advice explains: 'An aid is any item which improves, provides or replaces impaired physical or mental function. It doesn't have to be specially designed as a disability aid. Examples include a stool you need to sit on when cooking, or a walking stick to help you stand.' Daily living scores Citizens Advice explains to get the daily living component of PIP, you must have a physical or mental condition that limits your ability to carry out some or all of the activities below. The maximum amount of PIP points that can be awarded for that question are shown. Daily living activity: Preparing food - 8 Taking medication - 10 Managing therapy or monitoring a health condition - 8 Washing and bathing - 8 Managing toilet needs or incontinence - 8 Dressing and undressing - 8 Communicating verbally - 12 Reading and understanding symbols and words - 8 Engaging with other people face to face - 8 Making budgeting decisions - 6 Points and payment rates After answering all the daily living activity questions: If you get between 8 and 11 points in total - you will be awarded the standard rate of PIP If you get at least 12 points in total - you will be awarded the enhanced rate of PIP After answering all the mobility activity questions: If you get between 8 and 11 points in total - you will be awarded the standard rate of PIP If you get at least 12 points in total - you will be awarded the enhanced rate of PIP The latest DWP figures show that at the end of January there were 3.7 million PIP claimants across Great Britain. Work and Pensions Secretary Liz Kendall has previously said more than 1,000 PIP claims are being awarded per day, making the argument for welfare reforms to ensure the system is sustainable for the future. The proposed changes will come into force in November 2026, subject to parliamentary approval. Reforms also include increasing the number of face-to-face assessments. At present, most are being conducted remotely over the phone, by video call, or paper-based. However, there will be no freeze on PIP payments, which will continue to be non-means-tested, and rise in-line with the September inflation rate. There will be no changes to the mobility component. You can complete the UK Government's consultation on proposed changes to PIP and the benefits system on here.
Scotsman
3 days ago
- Business
- Scotsman
UK mid-market shaken but not deterred by tariffs dramas and economic head winds
New research from leading business and financial advisory firm Grant Thornton UK has revealed the UK's mid-market remains broadly optimistic in the face of uncertainty driven by tariffs. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Grant Thornton UK's latest Business Outlook Tracker, a rolling survey of over 600 UK mid-market decision makers (April 2025) found that whilst businesses are reviewing their strategies around US and international investment, they expect their decisions to be made quickly and feel they have a clear view of the options available. Undertaken before the announcement of the UK-US trade deal, the Business Outlook Tracker optimism indicators have declined since they reached record highs at the beginning of the year; they remain above average levels seen across the last four years. 80% of businesses were optimistic about the UK's economic prospects over the next six months (-3pp since February) and 59% expect their organisation's profits to increase in next six months (-8pp decrease since February). Advertisement Hide Ad Advertisement Hide Ad Jill Hay, Partner at Grant Thornton UK in Scotland, said:'Mid-market businesses are the real powerhouse of the UK economy. Their plans, actions and opinions are a clear bellwether of our economic health. This survey was undertaken in light of the Government's Spring Statement and six months after the Autumn Budget, both of which contained significant fiscal announcements which created cost increases for businesses in many areas. That mid-market leaders remain this positive is notable. Jill Hay, Partner at Grant Thornton UK in Scotland 'Having faced the considerable challenges of the last five years, dominated by the pandemic and its after-effects, many businesses are now hard-wired to withstand sudden shocks and have built resilience into their business model.' When questioned about their focus on the US market, 75% of respondents said that the US is a core growth market. Though many (61%) respondents agreed that tariffs will have a negative impact on the growth of their business, mid-market leaders are exploring options and remaining cautiously optimistic about cross-Atlantic trade. 70% still believe the Trump administration is good for British business, though this has dropped -13pp since February this year. Despite this positive sentiment, of those businesses currently trading with the US (68% of total respondents) nearly half (45%) expect to stop trading with the US completely, and 25% expect to scale down trading with the US. Only a small number (9%) do not expect any impact on their trade with the US. Advertisement Hide Ad Advertisement Hide Ad Jill Hay concluded:'According to our research, businesses are moving quickly to consider all options on the table, from exploring alternative markets, to setting up US operations to moving elements of the supply chain back to the UK. 'Whilst the survey was undertaken before the announcement of the US-UK trade deal, we have seen limited details so far, and bearing in mind that negotiations in some areas are still in train, I suspect that the mid-market's planning will have changed little – there is still a lot to be decided, and considering all options remains the right business course of action. 'Things are changing at pace, this month so far, we have seen two trade deals and interest rate cut delivering some positive economic progress and welcome reassurance for businesses. Trade deals serve to offer clarity for businesses, aiding planning and investment. With a further deal with the EU expected before the end of the month, this clarity along with the endorsement of global leaders reinforces the UK's position as a reliable trading partner. 'Crucially, in the current unpredictable world, it is important not to take knee-jerk decisions when considering market focus or location of operations. These are longer-term decisions and assuming an outcome can result in locking a business into a costly change programme and higher cost environment. Advertisement Hide Ad Advertisement Hide Ad 'However, inertia can also negatively impact a business. Detailed sensitivity and options analysis, with flexible contingencies, is how we are seeing the better-prepared businesses responding in its current period of 3-6 months before we know more of where US policy, and key international trade deals, will end up.'
