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How Trump's victory could affect UK SMEs

Stephen RoperDonald Trump's shock election as President of the US could have economic repercussions for the global economy. Here Stephen Roper, Professor of Enterprise and Director of the Enterprise Research Centre, reveals what it could mean for the UK's 5.2 million small and medium-sized companies.

Donald Trump’s victory in the presidential election could have consequences for the UK's small and medium-sized enterprises (SMEs), especially as the US is the UK’s biggest export destination.

During the campaign Trump made some remarks he may regret come January, but the general policy stance in terms of trade and industry is relatively clear: an emphasis on rebuilding manufacturing capacity in the US and potentially re-shoring jobs is likely to be important.

Unlike the Barack Obama years, Trump is likely to have the support of a Republic Congress and House of Representatives. So the checks and balances – or more accurately the brake – on policy change over the last few years is now gone. How will the new US administration influence the US market and the prospects for UK small firms?

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11th November 2016

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Email: Ashley.Potter@wbs.ac.uk