UK Firms’ Profits Hit by Policy Changes and Geopolitics

Large UK businesses are seeing their profits eroded by policy changes and rising geopolitical instability, according to research carried out by consultancy firm EY.

Over 40% of profit warnings issued by FTSE-listed firms last year cited changes in UK government policies and a rapidly shifting geopolitical backdrop, the highest annual proportion recorded by EY in more than 25 years of analysis.