September 2026
A slim silver lining appears on the horizon
As we reach the end of summer, there are reasons for cautious optimism. To borrow from Liam Gallagher, perhaps “better days are coming”. But they will not come by themselves.
Recent economic data provide some encouraging signs, particularly in Germany, but the recovery remains fragile. After a prolonged period of weak growth, neither the UK nor Germany can afford to settle for modest improvements. The challenge is to turn this momentum into stronger and more sustainable growth.
Politics will play a crucial role. In the UK, the new government has made a reasonably good start, but only the Budget in October will provide a clearer picture of its longer-term economic direction and priorities. In Germany, the coalition has finally set important reforms in motion. The challenge for the coming months will be to get the last ones through Parliament without a significant dilution of their ambitions.
For German-British business, there are good reasons for optimism. Bilateral trade reached more than £155 billion in the twelve months to March 2026, up almost 4% on the previous year. German engineering group RENK’s recent acquisition of Huddersfield-based David Brown Defence is one example of companies recognising the opportunities of combining German and British expertise.
There is considerable potential for more: Germany’s strength in goods and manufacturing complements the UK’s strengths in services, finance, technology and innovation. Together, they can create new opportunities on both sides of the Channel.
And that is where the Chamber has a role to play. Through our services, networks and activities, we will connect businesses, overcome barriers and, most importantly, turn opportunities into business.
The silver lining may still be slim, and this autumn will be critical. However, there are reasons for cautious optimism. Better days may indeed be coming – but businesses and policymakers must turn that optimism into growth and long-term confidence.
We look forward to working with you, our members, to keep the silver lining from waning.
