Champion Round-Up | By Ged Cosgrove, group managing partner
For businesses of all sizes, 2025 is a blank canvas – ready to be filled with new partnerships, innovations, and potential growth. Already, I’ve had the pleasure of meeting with business owners, ready to tackle the year head-on.
That said, economic challenges remain. Continued uncertainty in the bond market, stubbornly high interest rates, and concerns about global trade tariffs under US president Donald Trump are creating economic headwinds. Businesses will also face an increase in Employer National Insurance Contributions from April, adding further pressure to already rising costs. This could lead some companies to pause hiring or scale back on new recruitment compared to previous years.
Additionally, significant changes to inheritance tax relief are on the horizon. While much of the focus has been on farmers, family businesses in any sector may be impacted. If succession planning is on your agenda – particularly for those with private pensions now subject to estate taxation – it’s more important than ever to seek our advice and put plans in place.
In this complex environment, proactive planning is essential. If you’d like to discuss how these developments might affect you or your business, please don’t hesitate to reach out to your Champion adviser.
Together, let’s make 2025 a year of shared success and growth.
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