How to improve your financial health

Stuart Mack

01/03/2024

Trump’s tariffs – implications for UK SMEs in 2025

On 2 April 2025 US president Donald Trump, enacted tariffs that could have introduced significant challenges for UK small and medium -sized enterprises (SMEs). These measures include a universal 10% tariff on all imports into the US, with higher reciprocal tariffs, ranging from 11% to 50% targeting countries with substantial trade deficits with the US including the UK.

Charities are you ready for tiered reporting? (SORP 2026)

The ‘Statement of Recommended Practice: Accounting and Reporting by Charities’ (‘the SORP’) ensures consistency and transparency across the sector, making charity accounts comparable, understandable and useful for donors, beneficiaries, and the public alike. It has been updated following an extensive development process informed by the views of engagement partners and a sector specific SORP Committee.

DEFRA grant funding announcements

The Department for Environment, Food & Rural Affairs (DEFRA) confirmed that several grant funds will reopen, providing financial support for farmers and estates. These grants are designed to help improve productivity, sustainability and innovation across the sector. However, this has been somewhat overshadowed by the closure of the Sustainable Farming Incentive (SFI) scheme, with payments stopped with immediate effect.