The latest edition of the Transatlantic Confidence Index by BritishAmerican Business and Bain & Company highlights a stable confidence level in the US-UK economic corridor for 2024 🤝
“The report signals a growing confidence and desire to deepen the UK-US economic relationship, in support of growth,“ Kirsty McVicar, Counsellor for Trade Policy, British Embassy Washington.
“With stabilized confidence on both sides of the Atlantic and shared desire for deeper economic collaboration, the US-UK partnership continues to be strong,” Matthew Ashworth, Director of Investment for North America, Department for Business and Trade.
At a Glance
- The fourth edition of the Transatlantic Confidence Index by BritishAmerican Business and Bain & Company highlights a stable confidence level in the US-UK economic corridor for 2024.
- US companies’ confidence in the UK business environment has stabilised after years of decline, while UK companies’ confidence in the US remains high.
- Tax competitiveness emerged as a top priority, ranking as a top three concern for US and UK companies, driven by continued concern over the high tax burden in the UK and upcoming US tax reviews in 2025.
- Companies on both sides of the Atlantic emphasise the need for stable policies and support for deeper transatlantic economic collaboration remains high, with businesses ranking a trade agreement higher than sectoral deals.