2024 Transatlantic Confidence Index shows vote of confidence in US-UK economic ties amid anxieties over future policy stability and corporate tax levels

Leading British and American businesses have given a new vote of confidence in the strength of transatlantic ties on trade, business and economic relationships despite an uncertain political context with national elections this year in both the UK and US.

The fourth annual Transatlantic Confidence Index from BritishAmerican Business and Bain & Company shows US companies’ confidence in the UK as a place to do business has stabilised in 2024, after two back-to-back years of sharp drops in sentiment, driven by political and economic turbulence in Britain, with multiple changes of Prime Minister, previous bouts of market turmoil, and the ongoing impact of the UK’s departure from the EU.

Among the key findings of the survey:

• US companies’ confidence in the UK business environment stabilised in 2024, after two consecutive years of steep falls
• UK confidence in the US remains high and stable
• Companies highlight future policy stability, tax competitiveness, and a strengthening of UK-US trade among top priorities for the future
• Investors from both sides of the Atlantic report stable or increasing confidence, and plan to maintain or increase investment levels in both countries