Director’s update: Globalised Economy

As 2022 draws to a close it is a good time to reflect on the year gone by and look to 2023.  Internationally, this year has been defined by the terrible war in Ukraine and the fall out for global energy, food and supply chains.  It has impacted progression on the green transition, has stimulated further conversations about China dependency whilst enabling a fresh round of protectionism.

For the UK, politics have ruled the day.  The free trade agreement agenda has rightly slowed with the Northern Ireland Protocol and Conservative Party infighting complicating already complex negotiations.  The Global Britain agenda equally has stalled, both in the implementation of the Integrated Review and for the UK showing leadership on the global stage post the G7 and COP26.  In 2023 the government will require greater clarity and conviction in it’s international strategy if the UK is to remain competitive and business must b