I actually think the UK budget and election of Trump are likely to accellerate the trend.
The budget is approaching Truss levels of negative impact. Since then, growth estimates have been revised downward, and the return on UK gilts has risen sharply (reflecting the markets demanding better returns to cover the increased risk of default).
The pound has dropped from 1.31 per dollar to 1.26 today which makes employing UK staff even more attractive to US companies. This may be countered if the government goes too far in increasing employee rights, which are already significantly better than their US counterparts.
Trump is reputedly quite pro-British (certainly compared to most US presidents, who tend to talk about their Irish roots - possibly to get the Eastern votes), but how this will stand up to Starmer's seeming determination to move us closer to (or back into) the EU will be interesting to see. If we apply the EU's GPSR's on the whole UK rather than just Northern Ireland, we're likely to see a strong response in the form of US tariffs and sanctions.
Posted using The BBH Project
So much uncertainty. I'm quite happy with the increasing value of the dollar, I get paid in dollars, I'm about £20 a month better off already compared to a few days ago!