Sadly, terrorist activities within and against the United Kingdom have been and continue to be a regular feature of daily life. Threat levels remain high and there are frequent attempted and actual attacks taking place – and far more plots and plans thwarted by the skilled efforts of our security services that are never publicly reported. There has been an appalling loss of life and heart breaking human tragedies. Terrorists aim for publicity, murder and mayhem, to create loss of and disruption to ordinary life, including to the prosperity that we enjoy in the UK.
Of secondary importance, but nevertheless critical to a swift return to business as usual, is the economic impact of terrorist activities – every attempt, every attack, costs us more. Recent incidents in Manchester and London Bridge hit smaller firms hard. Small businesses are generally more vulnerable to significant commercial disruption than larger firms. This is for the simple reason that larger businesses have more resources at their disposal to anticipate and plan for a wider range of potential risks and to absorb the impacts on revenues and business assets more easily.
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