UK Finance Chiefs Focused on Cost Cutting Ahead of US Tariffs

Big UK companies went on the defensive in the run-up to the announcement of US tariffs on imported goods, concentrating on cost cutting as they worried about geopolitical stability, according to a new survey.

Rising geopolitical risks, including tariffs, topped concerns for chief financial officers at publicly listed UK companies in Deloitte’s latest quarterly CFO survey, released Monday. About three-quarters of survey respondents cited geopolitics as a risk to business, followed by economic problems in the US.

The Big Four firm questioned 67 finance chiefs at UK-listed companies between March 18 and 31, two days before the US ...