Welcome to the June BABN Policy and Trade Update.

May saw some important developments, specifically in UK politics, where the UK local elections highlighted an increasingly fragmented political environment and growing pressure on the Government, while the King’s Speech set out the legislative agenda for the year ahead, with implications for growth, regulation, and investment. Across the Atlantic, the SelectUSA Investment Summit once again brought together global investors and US stakeholders to drive inward investment, underscoring the continued strength of the transatlantic economic corridor.

On the trade side, new data from the Office for National Statistics (ONS) provides an early look at how UK-US trade patterns are adjusting in response to tariffs introduced in 2025, reinforcing the importance of stability and predictability for business.

BAB also published a one-year review of the Economic Prosperity Deal (EPD), assessing delivery to date and identifying the key areas where further implementation is needed – particularly on non-tariff barriers and regulatory cooperation. Our work also included a submission to the UK Government’s British Industrial Competitiveness Scheme (BICS) consultation, where we emphasised the importance of maintaining international alignment and avoiding new trade frictions for transatlantic businesses.

See below for a breakdown of policy and trade headlines and our published works.

View the full June BABN Policy and Trade Update here