Donald Trump

Small Business Confidence Higher Than Ever – But Will Trump Victory And Brexit Change It All?

Small Business Confidence Higher Than Ever – But Will Trump Victory And Brexit Change It All?

UK small business confidence is at an all-time high for 2016, according to a report by Hitachi Capital Business Finance. The survey of 1,006 small and medium sized enterprises revealed that small firm optimism increased by 11% on Q3, with 43% of all respondents saying they were in a buoyant mood about the coming months. In contrast, the number of enterprises worried about their outlook during the October to December months matched the lowest numbers recorded for 2016, and small business pessimism is also at its lowest in two years. Despite the increased optimism, it’s been suggested that the surprise election of Donald Trump as US president today could hamper any long term positive feelings in the small business space. Charles Reilly, director of Fridgesmart, believes that while UK exporti... »

UK Exporters Gambling On Clinton Victory Could Lose £34.6bn Should Trump Win

UK Exporters Gambling On Clinton Victory Could Lose £34.6bn Should Trump Win

UK small businesses that have gambled on a Hillary Clinton victory in this week’s US presidential election are exposing themselves to a £34.6bn currency risk, according to World First. The Global Trade Barometer, which surveyed 679 UK small businesses, has suggested a shock win for Donald Trump could be problematic for some UK exporters as the safe haven currency, paired with volatile sterling, could leave those who have gambled on a Clinton victory in a “difficult position”. 28% of UK firms currently trade in US dollars and businesses who buy in US dollars have shortened the length of their forward contracts significantly, dropping from an average of 90 working days per contract to less than 70 days – a decrease of over 22%. With parallels being drawn between the US election and Bre... »