As the OECD downgrades forecasts for UK growth to just 1% due to Trump tariffs, new research has revealed which industries are gaining ground and which are being left behind.
The business finance experts at money.co.uk bank accounts highlight the UK sectors seeing the fastest growth and steepest decline, and provide comment on the shifting business landscape.
Recent shifts in the UK’s business landscape highlight how responsive different sectors are to broader trends, from government-led housebuilding initiatives fuelling a rise in construction firms to the decline in retail businesses as shopping increasingly moves online.
To succeed in this changing environment, businesses must be agile and tech-savvy. Whether it’s using AI to streamline operations or targeting customers through digital marketing, those who embrace new tools will be better positioned to thrive.
At the same time, location still matters. Setting up in lower-cost regions like the North East can offer a financial edge, particularly for online-only businesses, by reducing overheads and extending your runway.
