2024 will be a watershed year with the UK general election having taken place on 4 July and the US general election in November. It has also been relatively calm within the US and UK following years that included the UK’s departure from the EU, the Covid pandemic, the economic turmoil during the short-lived Liz Truss UK premiership, rampant global inflation and increases in the cost of doing business on both sides of the Atlantic. 

There has been cautious optimism around new technologies and their potential impact on productivity, as the AI industry has taken off in both countries. Conversely, ongoing conflicts between Russia and Ukraine and in the Middle East, plus increasing tensions between the West and the People’s Republic of China increasingly dominate policymaking on both sides of the Atlantic.