While a majority of respondents (58%) in this week’s Airmic Big Question said the US’s tariffs are only having “some impact” on their organisations, their overwhelming concern is the uncertainty created by the US administration’s frequent changes of mind on tariffs over the past two weeks.

The reaction to the Spring Statement delivered by the Chancellor of the Exchequer last week has been more negative than to the previous Conservative government’s last Budget last March, as 31% of respondents in this week’s Airmic Big Question survey said their reaction to the Spring Statement was “very negative”.

Trade sanctions are rising in concern again for organisations as respondents in this week’s Airmic Big Question survey have ranked it third in terms of their impact on them among geopolitics-related incidents.